Barclays (BARC) Stock Rating Reaffirmed by Goldman Sachs Group

Barclays (LON:BARC)‘s stock had its “sell” rating reiterated by research analysts at Goldman Sachs Group in a research note issued to investors on Friday. They currently have a GBX 190 ($2.63) price target on the financial services provider’s stock. Goldman Sachs Group’s target price would indicate a potential downside of 5.40% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Citigroup reiterated a “sell” rating on shares of Barclays in a report on Monday, February 12th. UBS Group set a GBX 220 ($3.04) price objective on shares of Barclays and gave the company a “buy” rating in a report on Tuesday, November 14th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, October 26th. HSBC reiterated a “buy” rating and issued a GBX 240 ($3.32) price objective on shares of Barclays in a report on Wednesday, November 29th. Finally, lowered their price objective on shares of Barclays from GBX 250 ($3.45) to GBX 240 ($3.32) and set a “buy” rating on the stock in a report on Monday, October 23rd. 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 219.68 ($3.04).

Shares of Barclays (LON BARC) opened at GBX 200.85 ($2.77) on Friday. The company has a market cap of $34,310.00 and a P/E ratio of 1,834.09. Barclays has a fifty-two week low of GBX 177.30 ($2.45) and a fifty-two week high of GBX 244.40 ($3.38).

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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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