RE: Shareholder Value27 Oct 2023 09:50
Barclays PLC (LON:BARC) Given Average Recommendation of “Moderate Buy” by Brokerages
Posted by Defense World Staff on Oct 27th, 2023
Barclays has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 245.43 ($3.01).
Several analysts have commented on BARC shares. Berenberg Bank lowered their price target on Barclays from GBX 260 ($3.19) to GBX 240 ($2.94) and set a “buy” rating for the company in a report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their price target on Barclays from GBX 180 ($2.21) to GBX 190 ($2.33) and gave the company an “overweight” rating in a report on Thursday, September 7th. Shore Capital restated a “buy” rating on shares of Barclays in a report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, October 16th.
Barclays Trading Down 0.7 %
Barclays stock opened at GBX 132.24 ($1.62) on Friday. The stock has a market cap of £19.93 billion, a PE ratio of 3.8894, a PEG ratio of -1.09 and a beta of 1.35. The stock’s 50 day moving average is GBX 150.97 and its 200-day moving average is GBX 152.93.