Societe Generale Reiterates Buy Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by Societe Generale in a research note issued on Tuesday. They currently have a GBX 320 ($5.38) target price on the stock. Societe Generale’s target price indicates a potential upside of 33.92% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. Analysts at Liberum Capital reiterated a “hold” rating on shares of Barclays PLC in a research note on Friday. Separately, analysts at Jefferies Group cut their price target on shares of Barclays PLC from GBX 345 ($5.80) to GBX 325 ($5.47) in a research note on Thursday, May 15th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Barclays PLC to an “in-line” rating in a research note on Monday, May 12th. They now have a GBX 280 ($4.71) price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 311.60 ($5.24).
Shares of Barclays PLC (LON:BARC) traded down 0.17% during mid-day trading on Tuesday, hitting GBX 238.55. 31,494,136 shares of the company’s stock traded hands. Barclays PLC has a 52-week low of GBX 227.65 and a 52-week high of GBX 312.411. The stock has a 50-day moving average of GBX 246.1 and a 200-day moving average of GBX 256.5. The company’s market cap is £38.755 billion.
The company also recently announced a dividend, which is scheduled for Monday, June 23rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of GBX 1 ($0.02) per share. This represents a dividend yield of 0.41%. The ex-dividend date 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.
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.