Credit Suisse Group Cuts Barclays (LON:BARC) Price Target to GBX 125

Barclays (LON:BARC) had its price target reduced by Credit Suisse Group from GBX 130 ($1.60) to GBX 125 ($1.54) in a research report sent to investors on Thursday, Borsen Zeitung reports. Credit Suisse Group currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on BARC. Jefferies Financial Group reiterated a buy rating and issued a GBX 212 ($2.61) target price on shares of Barclays in a research report on Tuesday, July 28th. Royal Bank of Canada set a GBX 110 ($1.35) target price on shares of Barclays and gave the stock a neutral rating in a research report on Wednesday. Morgan Stanley reiterated a neutral rating and issued a GBX 120 ($1.48) target price on shares of Barclays in a research report on Friday, July 24th. HSBC raised their price target on shares of Barclays from GBX 160 ($1.97) to GBX 170 ($2.09) and gave the stock a buy rating in a report on Friday, May 22nd. Finally, Shore Capital reissued a buy rating on shares of Barclays in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 151.93 ($1.87).

Shares of LON:BARC opened at GBX 100.56 ($1.24) on Thursday. The stock has a market cap of $17.44 billion and a PE ratio of 8.67. The company’s fifty day moving average is GBX 115.10 and its 200 day moving average is GBX 124.69. Barclays has a 52 week low of GBX 1.13 ($0.01) and a 52 week high of GBX 192.99 ($2.37).

About Barclays

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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Analyst Recommendations for Barclays (LON:BARC)

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