Barclays PLC Receives “Neutral” Rating from Credit Suisse (BARC)
Barclays PLC (LON:BARC)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday. They currently have a GBX 275 ($4.61) price target on the stock. Credit Suisse’s price objective suggests a potential upside of 12.66% from the company’s current price.
Shares of Barclays PLC (LON:BARC) opened at 240.55 on Wednesday. Barclays PLC has a 52 week low of GBX 227.65 and a 52 week high of GBX 302.527. The stock’s 50-day moving average is GBX 247.5 and its 200-day moving average is GBX 255.9. The company’s market cap is £39.080 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.
A number of other analysts have also recently weighed in on BARC. 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. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays PLC in a research note on Friday, May 23rd. They now have a GBX 305 ($5.11) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Barclays PLC in a research note on Thursday, May 22nd. They now have a GBX 280 ($4.69) price target on the stock. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 308.81 ($5.18).
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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