Barclays PLC’s Buy Rating Reiterated at Numis Securities Ltd (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Monday. They currently have a GBX 280 ($4.65) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 24.75% from the company’s current price.
Shares of Barclays PLC (LON:BARC) opened at 223.90 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 £36.599 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders 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.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note on Thursday, August 14th. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Barclays PLC in a research note on Wednesday, August 13th. They now have a GBX 240 ($3.98) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Barclays PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 288.72 ($4.79).
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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