Rating Change: Analysts at HSBC Maintained their Buy rating for Barclays (LON:BARC) with GBX 190.00 Target Price

November 23, 2016 - By Marie Mckinney

Barclays (LON:BARC) Rating

In a research report sent to investors and clients on Wednesday morning, Barclays (LON:BARC) stock had its Buy Rating reiterated by equity research analysts at HSBC. They currently have a GBX 190.00 price target on company. HSBC’s target indicates a potential downside of -9.80% from the company’s last stock close.

Barclays PLC (LON:BARC) Ratings Coverage

Out of 26 analysts covering Barclays PLC (LON:BARC), 15 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 58% are positive. GBX 580 is the highest target while GBX 115 is the lowest. The GBX 214.36 average target is 1.59% above today’s (GBX 211) stock price. Barclays PLC has been the topic of 227 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by BNP Paribas with “Neutral” on Thursday, August 13. The rating was maintained by Bernstein with “Market Perform” on Friday, January 8. The rating was maintained by Investec on Wednesday, October 21 with “Buy”. The rating was maintained by Shore Capital on Wednesday, October 28 with “Hold”. The firm earned “Overweight” rating on Monday, December 7 by J.P. Morgan. Macquarie Research maintained Barclays PLC (LON:BARC) on Thursday, November 17 with “Outperform” rating. The stock has “Neutral” rating given by Goldman Sachs on Monday, November 14. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, February 8. The firm earned “Neutral” rating on Friday, October 28 by JP Morgan. The stock has “Market Perform” rating given by Bernstein on Friday, January 15.

About 10.41M shares traded hands. Barclays PLC (LON:BARC) has risen 24.66% since April 25, 2016 and is uptrending. It has outperformed by 19.33% the S&P500.

Barclays PLC is a global financial services holding company. The company has a market cap of 35.75 billion GBP. The Firm is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. It currently has negative earnings. The Company’s divisions include Barclays UK and Barclays Corporate & International.

Another recent and important Barclays PLC (LON:BARC) news was published by Bloomberg.com which published an article titled: “Barclays’s 25% London Office Space Cut Signals Glut Threat” on November 01, 2016.

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