Berenberg Bank Increases Barclays (LON:BARC) Price Target to GBX 280

Barclays (LON:BARC) had its price target upped by analysts at Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a research note issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price target points to a potential upside of 37.02% from the stock’s previous close.

A number of other research analysts also recently issued reports on BARC. Jefferies Financial Group restated a “buy” rating and set a GBX 220 ($2.72) target price on shares of Barclays in a research report on Tuesday, February 20th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Royal Bank of Canada upped their target price on shares of Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Peel Hunt started coverage on Barclays in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) price target for the company. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Barclays presently has a consensus rating of “Buy” and an average price target of GBX 242 ($2.99).

Barclays Stock Up 0.2 %

Shares of LON BARC opened at GBX 204.35 ($2.52) on Thursday. The firm’s 50-day simple moving average is GBX 178.83 and its 200 day simple moving average is GBX 156.43. The company has a market cap of £30.84 billion, a price-to-earnings ratio of 756.85, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. Barclays has a 12-month low of GBX 128.12 ($1.58) and a 12-month high of GBX 206.70 ($2.55).

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.