Barclays PLC Price Target Cut to GBX 325 (BARC)
Stock analysts at Espirito Santo Investment Bank Research decreased their target price on shares of Barclays PLC (LON:BARC) from GBX 356 ($5.97) to GBX 325 ($5.45) in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential upside of 33.14% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at HSBC downgraded shares of Barclays PLC to a “neutral” rating in a research note on Wednesday. They now have a GBX 270 ($4.53) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Wednesday. They now have a GBX 275 ($4.61) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday, May 30th. They now have a GBX 300 ($5.03) price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 308.81 ($5.18).
Shares of Barclays PLC (LON:BARC) opened at 239.75 on Wednesday. Barclays PLC has a one year low of GBX 227.65 and a one year high of GBX 302.527. The stock has a 50-day moving average of GBX 247.5 and a 200-day moving average of GBX 255.9. The company’s market cap is £38.950 billion.
The company also recently announced a dividend, which is scheduled for Monday, June 23rd. Stockholders 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.
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