Barclays PLC (BARC) Stock Rating Upgraded by HSBC
Barclays PLC (LON:BARC) was upgraded by HSBC to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a GBX 190 ($2.48) price objective on the financial services provider’s stock, up from their previous price objective of GBX 150 ($1.96). HSBC’s target price indicates a potential upside of 14.15% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 115 ($1.50) price target on shares of Barclays PLC in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a research report on Thursday, September 15th. Societe Generale reaffirmed a “buy” rating and issued a GBX 185 ($2.41) price target on shares of Barclays PLC in a research report on Thursday, September 15th. Morgan Stanley set a GBX 175 ($2.28) price target on shares of Barclays PLC and gave the company a “neutral” rating in a research report on Monday, September 12th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a GBX 150 ($1.96) price target on shares of Barclays PLC in a research report on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Barclays PLC has an average rating of “Hold” and an average target price of GBX 197.44 ($2.58).
Barclays PLC (LON:BARC) opened at 172.15 on Wednesday. The stock has a 50 day moving average price of GBX 164.22 and a 200 day moving average price of GBX 162.19. The firm’s market cap is GBX 23.81 billion. Barclays PLC has a 52-week low of GBX 121.10 and a 52-week high of GBX 259.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/barclays-plc-barc-stock-rating-upgraded-by-hsbc.html
The company also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.65%. The ex-dividend date was Thursday, August 11th.
In other Barclays PLC news, insider Staley,James E sold 97,073 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of GBX 139 ($1.81), for a total value of £134,931.47 ($176,127.75).
About Barclays PLC
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.