Barclays Price Target Cut to $320.00 (BCS)
Stock analysts at Deutsche Bank decreased their price target on shares of Barclays (NYSE:BCS) from $325.00 to $320.00 in a report issued on Thursday, AmericanBankingNews.com reports.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Barclays in a research note to investors on Thursday. Separately, analysts at Nomura reiterated a “buy” rating on shares of Barclays in a research note to investors on Thursday. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a research note to investors on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $168.35.
Shares of Barclays (NYSE:BCS) traded down 2.10% on Thursday, hitting $16.81. 2,921,084 shares of the company’s stock traded hands. Barclays has a 1-year low of $13.66 and a 1-year high of $20.60. The stock’s 50-day moving average is $17.50 and its 200-day moving average is $17.11. The company’s market cap is $53.267 billion.
The company also recently declared a special dividend, which is scheduled for Wednesday, November 13th. Investors of record on Friday, November 8th will be given a dividend of $0.06 per share. This represents a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 6th.
Barclays PLC (NYSE:BCS) is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.