Barclays PLC Stock Rating Lowered by HSBC (BARC)
Barclays PLC (LON:BARC) was downgraded by equities researchers at HSBC to a “neutral” rating in a research report issued on Wednesday. They currently have a GBX 270 ($4.53) price target on the stock. HSBC’s target price would indicate a potential upside of 10.61% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. 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. Separately, 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. Finally, 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. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Barclays PLC presently has an average rating of “Buy” and an average target price of GBX 310 ($5.20).
Barclays PLC (LON:BARC) opened at 240.25 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 £39.031 billion.
The company also recently declared a dividend, which is scheduled for Monday, June 23rd. Investors 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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