Barclays (BARC) Given a GBX 175 Price Target at Goldman Sachs Group

Goldman Sachs Group set a GBX 175 ($2.37) price target on Barclays (LON:BARC) in a report released on Wednesday. The firm currently has a sell rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on BARC. Deutsche Bank reiterated a buy rating and set a GBX 231 ($3.13) target price on shares of Barclays in a research note on Tuesday, September 19th. UBS Group set a GBX 235 ($3.19) target price on shares of Barclays and gave the stock a buy rating in a research note on Monday, September 25th. Jefferies Group decreased their target price on shares of Barclays from GBX 232 ($3.15) to GBX 216 ($2.93) and set a hold rating for the company in a research note on Wednesday, September 27th. Citigroup reiterated a sell rating and set a GBX 170 ($2.31) target price on shares of Barclays in a research note on Wednesday, September 27th. Finally, reiterated a buy rating and set a GBX 250 ($3.39) target price on shares of Barclays in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 218.16 ($2.96).

Barclays (LON BARC) traded up GBX 0.78 ($0.01) during midday trading on Wednesday, reaching GBX 199.30 ($2.70). 30,790,000 shares of the company’s stock traded hands, compared to its average volume of 33,130,000. Barclays has a one year low of GBX 177.30 ($2.40) and a one year high of GBX 244.40 ($3.31). The firm has a market capitalization of $34,000.00 and a P/E ratio of 1,811.82.

In other news, insider Ian Cheshire purchased 30,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average cost of GBX 183 ($2.48) per share, with a total value of £54,900 ($74,450.77).

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About Barclays

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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