Rating Action: Barclays (LON:BARC) Hit With “Outperform” Rating At Credit Suisse, Firm Sees GBX 260.00 Stock Price

November 29, 2016 - By whatsonthorold

Why Credit Suisse Gives Barclays (LON:BARC) GBX 260.00 Price Target

Credit Suisse analyst has initiated coverage with a “Outperform” rating on Barclays (LON:BARC) today and set a price target of GBX 260.00. The firm’s shares opened today at 214.27.

Barclays PLC (LON:BARC) Ratings Coverage

Out of 27 analysts covering Barclays PLC (LON:BARC), 16 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 59% are positive. GBX 580 is the highest target while GBX 115 is the lowest. The GBX 219.35 average target is 2.37% above today’s (GBX 214.27) stock price. Barclays PLC has been the topic of 232 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Citigroup maintained Barclays PLC (LON:BARC) rating on Friday, July 24. Citigroup has “Buy” rating and GBX 325 price target. The stock of Barclays PLC (LON:BARC) has “Hold” rating given on Tuesday, October 25 by Deutsche Bank. Goldman Sachs maintained it with “Buy/Neutral” rating and GBX 310 target price in Tuesday, February 9 report. The firm earned “Buy” rating on Friday, September 9 by Societe Generale. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, January 19. The firm earned “Underperform” rating on Friday, September 25 by BNP Paribas. The stock of Barclays PLC (LON:BARC) earned “Buy” rating by Nomura on Monday, July 27. Deutsche Bank maintained it with “Buy” rating and GBX 255 target price in Tuesday, February 16 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 11. Societe Generale maintained it with “Buy” rating and GBX 185 target price in Friday, July 1 report.

The stock increased 1.12% or GBX 2.38 on November 29, hitting GBX 214.27. About 41.61 million shares traded hands. Barclays PLC (LON:BARC) has risen 23.56% since April 29, 2016 and is uptrending. It has outperformed by 18.30% the S&P500.

Barclays PLC is a global financial services holding company. The company has a market cap of 36.31 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.

More news for Barclays PLC (LON:BARC) were recently published by: Reuters.com, which released: “BRIEF-Bank of Singapore completes acquisition of WIM business of Barclays …” on November 27, 2016. Businesswire.com‘s article titled: “BARCLAYS PLC UK Regulatory Announcement: Form 8.5 – LAVENDON GROUP PLC” and published on November 29, 2016 is yet another important article.

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