RBC Capital Downgrades Barclays PLC to In-Line (BARC)
Barclays PLC (LON:BARC) was downgraded by RBC Capital to an “in-line” rating in a research note issued on Monday, Analyst Ratings News reports. They currently have a GBX 280 ($4.72) price objective on the stock. RBC Capital’s price objective indicates a potential upside of 15.92% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. Analysts at BNP Paribas downgraded shares of Barclays PLC to a “neutral” rating in a research note on Monday, May 12th. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday, May 9th. They now have a GBX 356 ($6.00) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Barclays PLC to an “add” rating in a research note on Friday, May 9th. They now have a GBX 280 ($4.72) price target on the stock. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 311.60 ($5.25).
Shares of Barclays PLC (LON:BARC) opened at 241.55 on Monday. Barclays PLC has a one year low of GBX 227.65 and a one year high of GBX 312.411. The stock has a 50-day moving average of GBX 245.7 and a 200-day moving average of GBX 257.. The company’s market cap is £39.242 billion.
The company also recently declared a dividend, which is scheduled for Monday, June 23rd. Shareholders of record on Wednesday, May 14th will be given a dividend of GBX 1 ($0.02) per share. This represents a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, May 14th.
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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