Shore Capital Reiterates “Buy” Rating for Barclays (LON:BARC)

Shore Capital reissued their buy rating on shares of Barclays (LON:BARC) in a report published on Wednesday morning, Digital Look reports.

BARC has been the topic of several other research reports. Jefferies Financial Group reiterated a buy rating and set a GBX 212 ($2.61) price objective on shares of Barclays in a research report on Tuesday. JPMorgan Chase & Co. set a GBX 160 ($1.97) price target on Barclays and gave the stock a buy rating in a research report on Monday, June 22nd. Credit Suisse Group raised their price target on Barclays from GBX 125 ($1.54) to GBX 130 ($1.60) and gave the stock a neutral rating in a research report on Thursday, July 23rd. Royal Bank of Canada restated a neutral rating and issued a GBX 110 ($1.35) price target on shares of Barclays in a research report on Wednesday, June 3rd. Finally, Goldman Sachs Group set a GBX 135 ($1.66) price target on Barclays and gave the stock a neutral rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 151.93 ($1.87).

BARC stock opened at GBX 100.56 ($1.24) on Wednesday. The stock has a market capitalization of $17.44 billion and a price-to-earnings ratio of 8.67. The business’s fifty day moving average price is GBX 115.10 and its two-hundred day moving average price is GBX 124.69. Barclays has a fifty-two week low of GBX 1.13 ($0.01) and a fifty-two week high of GBX 192.99 ($2.37).

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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