Barclays (LON:BARC) Stock Rating Reaffirmed by Jefferies Financial Group

Barclays (LON:BARC)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 335 ($4.26) price target on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 57.09% from the company’s previous close.

A number of other equities research analysts also recently issued reports on BARC. Citigroup reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Peel Hunt started coverage on Barclays in a report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.11) price objective for the company. Berenberg Bank reissued a “buy” rating and issued a GBX 280 ($3.56) target price on shares of Barclays in a report on Thursday, May 16th. Royal Bank of Canada lifted their price target on Barclays from GBX 230 ($2.92) to GBX 265 ($3.37) and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research note on Tuesday, March 12th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 265 ($3.37).

Barclays Stock Up 0.9 %

LON:BARC opened at GBX 213.25 ($2.71) on Tuesday. The firm’s fifty day simple moving average is GBX 194.15 and its 200-day simple moving average is GBX 165.08. The stock has a market cap of £31.88 billion, a PE ratio of 813.27, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35. Barclays has a fifty-two week low of GBX 128.12 ($1.63) and a fifty-two week high of GBX 218.90 ($2.78).

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.