According to an update released by analysts at Investec Securities the broker has now set a ‘Buy’ rating on shares of Barclays (LON:BARC) with a price target of 200.
Investec Securities on Wednesday upgraded Barclays’s analyst rating to ‘Buy’ with its price target of 200 highlighting a potential increase of 12.26% from Barclays’s current price of 178.15.
Over the last twelve months Barclays’s stock price has decreased from 246.76 to 178.15, a change of -27.8%.
Barclays has 13,829,111,000 shares in issue which have a share price of 178.15 giving Barclays a market capitalisation of 24.64B GBp.
The company has a 50 day moving average of 170.25 and a 200 day moving average of 163.43. The 52 week high shares of Barclays have reached is 255.75 whilst the 52 week low for the company’s shares is 121.1.
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business. The Barclays Corporate & International segment incorporates the Investment Bank segment; the large UK Corporate, and international Corporate and Wealth businesses, and the international Barclaycard business (consisting of the United States, German and Nordic consumer credit cards businesses), and Barclaycard Business Solutions (including merchant acquiring). It operates as financial services provider offering its services to over 20 million personal and card customers, including a million wealth, entrepreneurs and business banking clients.