Barclays (LON:BARC) Earns “Buy” Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Barclays (LON:BARC) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. They currently have a GBX 135 ($1.66) target price on the financial services provider’s stock.

Several other research firms also recently issued reports on BARC. Berenberg Bank reiterated a buy rating and set a GBX 160 ($1.97) price target on shares of Barclays in a research note on Thursday, July 2nd. Credit Suisse Group upped 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 note on Thursday, July 23rd. Goldman Sachs Group set a GBX 135 ($1.66) price target on Barclays and gave the stock a neutral rating in a research note on Thursday. HSBC upped their price target on Barclays from GBX 160 ($1.97) to GBX 170 ($2.09) and gave the stock a buy rating in a research note on Friday, May 22nd. Finally, Royal Bank of Canada set a GBX 110 ($1.35) price target on Barclays and gave the stock a neutral rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 151.93 ($1.87).

BARC opened at GBX 100.56 ($1.24) on Thursday. The company has a market cap of $17.44 billion and a PE ratio of 8.67. The stock has a 50-day moving average of GBX 115.10 and a 200-day moving average of GBX 124.69. Barclays has a 52-week low of GBX 1.13 ($0.01) and a 52-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.

See Also: Fiduciary

Analyst Recommendations for Barclays (LON:BARC)

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