Berenberg Bank Upgrades Barclays PLC to “Hold” (BARC)
Barclays PLC (LON:BARC) was upgraded by research analysts at Berenberg Bank to a “hold” rating in a report released on Friday. The firm currently has a GBX 220 ($3.74) target price on the stock. Berenberg Bank’s price target suggests a potential downside of 1.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Thursday. They now have a GBX 235 ($3.99) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a research note on Thursday. They now have a GBX 320 ($5.43) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Barclays PLC in a research note on Wednesday. They now have a GBX 295 ($5.01) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 288.08 ($4.89).
Shares of Barclays PLC (LON:BARC) traded down 0.64% on Friday, hitting GBX 224.25. 45,121,336 shares of the company’s stock traded hands. Barclays PLC has a one year low of GBX 201.75 and a one year high of GBX 309.90. The stock’s 50-day moving average is GBX 220.7 and its 200-day moving average is GBX 244.0. The company’s market cap is £36.656 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Investors of record on Wednesday, August 6th will be given a dividend of GBX 1 ($0.02) per share. This represents a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, August 6th.
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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