Reaffirmed: Barclays (LON:BARC) “Buy” Rating Reaffirmed at Investec Securities; GBX 245.00 Target in Place

June 20, 2017 - By Maria Brooks

Barclays (LON:BARC) Rating Reaffirmed

In a research note revealed to clients and investors this morning, Investec Securities maintained their “Buy” rating on Barclays (LON:BARC) shares. The price target would suggest a possible upside of 20.01 % from firm’s last stock close.

Barclays PLC (LON:BARC) Ratings Coverage

Among 28 analysts covering Barclays PLC (LON:BARC), 17 have Buy rating, 3 Sell and 8 Hold. Therefore 61% are positive. Barclays PLC has GBX 580 highest and GBX 115 lowest target. GBX 236.23’s average target is 16.48% above currents GBX 202.8 stock price. Barclays PLC had 296 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Friday, October 2. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 2. The firm has “Hold” rating given on Tuesday, January 19 by Bankhaus Lampe. The rating was maintained by Macquarie Research with “Outperform” on Thursday, November 17. J.P. Morgan upgraded the shares of BARC in report on Thursday, February 11 to “Overweight” rating. The rating was maintained by Citigroup on Tuesday, September 22 with “Buy”. The firm earned “Outperform” rating on Thursday, April 20 by Credit Suisse. HSBC maintained the shares of BARC in report on Monday, November 14 with “Buy” rating. The firm has “Buy” rating given on Monday, February 22 by Societe Generale. BNP Paribas maintained Barclays PLC (LON:BARC) on Monday, May 9 with “Underperform” rating.

The stock decreased 1.91% or GBX 3.95 on June 20, reaching GBX 202.8. About 26.47 million shares traded. Barclays PLC (LON:BARC) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Barclays PLC, is a global financial services holding company. The company has market cap of 34.54 billion GBP. The Firm is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. It has a 22.13 P/E ratio. The Company’s divisions include Barclays UK and Barclays International.

More important recent Barclays PLC (LON:BARC) news were published by: Bloomberg.com which released: “Barclays Plans to Plead Guilty Over Disclosures in Qatar Case” on June 16, 2017, also Businesswire.com published article titled: “Form 8.5 (EPT/NON-RI) TESCO PLC”, Bloomberg.com published: “Barclays Hits Target for Africa Stake on Surprise Sale Boost” on June 01, 2017. More interesting news about Barclays PLC (LON:BARC) was released by: Seekingalpha.com and their article: “Barclays: Goldman Analysts Are Getting This All Wrong” with publication date: May 25, 2017.

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