Galvan Research Reiterates “Buy” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by equities researchers at Galvan Research in a research report issued on Monday, American Banking News.com reports. They currently have a GBX 278 ($4.62) price target on the stock. Galvan Research’s price objective indicates a potential upside of 7.96% from the company’s current price.
Shares of Barclays PLC (LON:BARC) opened at 257.85 on Monday. Barclays PLC has a 52-week low of GBX 246.65 and a 52-week high of GBX 312.411. The stock has a 50-day moving average of GBX 273.0 and a 200-day moving average of GBX 272.3. The company’s market cap is £41.104 billion.
The company also recently announced a dividend, which is scheduled for Friday, March 28th. Shareholders of record on Wednesday, February 19th will be paid a dividend of GBX 3.50 ($0.06) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Wednesday, February 19th.
A number of other analysts have also recently weighed in on BARC. Analysts at Credit Suisse cut their price target on shares of Barclays PLC from GBX 270 ($4.49) to GBX 260 ($4.32) in a research note on Friday, February 14th. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG downgraded shares of Barclays PLC to a “neutral” rating in a research note on Wednesday, February 12th. They now have a GBX 280 ($4.66) price target on the stock, down previously from GBX 295 ($4.91). Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays PLC in a research note on Wednesday, February 12th. They now have a GBX 330 ($5.49) price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 312.48 ($5.20).
Barclays PLC (LON:BARC) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.
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