Barclays Maintains Overweight Rating, PT Down to $14 from $17
Barclays has maintained its overweight rating on its stock, but the price target has been revised downward to $14 from the previous $17. This adjustment reflects a change in the consensus analyst ratings and price targets for the stock. As of the latest data, the consensus rating stands at "Buy," indicating a positive outlook from the majority of analysts. However, the downward revision in the price target suggests a more cautious view on the stock's potential upside.
According to MarketBeat, the stock has received a consensus rating of "Buy" based on the ratings from five analysts. The average price target for Barclays is now GBX 370.25, down from the previous target of GBX 387. This adjustment reflects a slight decrease in the expected upside potential for the stock, which currently trades at GBX 361.20. The highest price target for the stock remains at GBX 410, while the lowest target is now GBX 350. The average price target represents a forecasted upside of 2.51% from the current price.
The change in the price target comes amidst mixed signals in the financial sector. While Barclays has reported solid earnings per share (EPS) of GBX 13, indicating strong profitability, the stock has shown volatility with a beta of 1.36, suggesting it may be more volatile than the overall market. Additionally, the recent settlement of $19.5 million tied to securities over-issuance continues to impact the firm's reputation among institutional investors.
Barclays' investment banking arm has also been active in the market, with recent upgrades to the rating of Cofinimmo (COFB) from Underweight to Equalweight. This upgrade reflects a fair valuation and attractive income profile for yield-focused investors, but the settlement over securities over-issuance remains a concern.
Overall, while Barclays maintains a positive rating from analysts, the downward revision in the price target reflects a more cautious outlook on the stock's potential upside. Investors should closely monitor the stock's performance and the broader economic conditions that may impact its valuation.
References:
[1] https://www.marketbeat.com/stocks/LON/BARC/forecast/
[2] https://www.tradingview.com/news/11thestate:e52db251c094b:0-bcs-barclays-upgrades-cofinimmo-on-yield-stability-but-19-5m-securities-settlement-still-weighs/
[3] https://www.ib.barclays/
[4] https://www.marketbeat.com/instant-alerts/barclays-forecasts-strong-price-appreciation-for-t-rowe-price-group-nasdaqtrow-stock-2025-08-04/
Comments
No comments yet