Barclays PLC’s “Buy” Rating Reaffirmed at Santander (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by equities researchers at Santander in a research report issued on Wednesday. They currently have a GBX 365 ($6.20) price target on the stock. Santander’s price objective indicates a potential upside of 54.33% from the company’s current price.
BARC has been the subject of a number of other recent research reports. Analysts at Mediobanca SpA reiterated a “neutral” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 280 ($4.75) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday, June 13th. They now have a GBX 320 ($5.43) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Barclays PLC in a research note on Tuesday, June 10th. They now have a GBX 280 ($4.75) 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 311.26 ($5.28).
Barclays PLC (LON:BARC) traded down 0.42% during mid-day trading on Wednesday, hitting GBX 235.50. 25,291,924 shares of the company’s stock traded hands. Barclays PLC has a 1-year low of GBX 227.65 and a 1-year high of GBX 302.527. The stock’s 50-day moving average is GBX 246. and its 200-day moving average is GBX 254.5. The company’s market cap is £38.259 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.
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