Barclays PLC’s Buy Rating Reiterated at Deutsche Bank (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 285 ($4.73) target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 26.98% from the stock’s previous close.
BARC has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Barclays PLC in a research note on Monday. They now have a GBX 280 ($4.65) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Barclays PLC from GBX 325 ($5.39) to GBX 331 ($5.49) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note on Thursday, August 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. Barclays PLC has an average rating of “Buy” and an average price target of GBX 288.72 ($4.79).
Shares of Barclays PLC (LON:BARC) opened at 223.95 on Monday. Barclays PLC has a 1-year low of GBX 201.75 and a 1-year high of GBX 297.95. The stock’s 50-day moving average is GBX 217.8 and its 200-day moving average is GBX 236.1. The company’s market cap is £36.607 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Stockholders of record on Wednesday, August 6th will be paid a dividend of GBX 1 ($0.02) per share. This represents a dividend yield of 0.44%. The ex-dividend date 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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