Barclays (BARC) Downgraded to Neutral at Bank of America
BARC has been the topic of several other reports. Jefferies Financial Group upped their price objective on Barclays from GBX 262 ($3.42) to GBX 263 ($3.44) and gave the company a buy rating in a research note on Monday, February 11th. UBS Group reiterated a buy rating and issued a GBX 240 ($3.14) price objective on shares of Barclays in a research note on Monday, January 7th. Royal Bank of Canada set a GBX 220 ($2.87) price objective on Barclays and gave the company a neutral rating in a research note on Thursday, January 10th. Morgan Stanley set a GBX 200 ($2.61) price objective on Barclays and gave the company a neutral rating in a research note on Monday, February 4th. Finally, Deutsche Bank lowered their price objective on Barclays from GBX 243 ($3.18) to GBX 207 ($2.70) and set a buy rating on the stock in a research note on Friday, January 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Barclays presently has a consensus rating of Buy and an average target price of GBX 220.53 ($2.88).
BARC traded up GBX 0.48 ($0.01) on Thursday, hitting GBX 169.40 ($2.21). 36,191,982 shares of the stock traded hands, compared to its average volume of 50,310,000. Barclays has a 52 week low of GBX 145 ($1.89) and a 52 week high of GBX 219.10 ($2.86). The firm has a market capitalization of $29.02 billion and a price-to-earnings ratio of 18.41.
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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