Barclays PLC (BARC) Upgraded by HSBC to Buy
Barclays PLC (LON:BARC) was upgraded by research analysts at HSBC to a “buy” rating in a research report issued on Wednesday. The brokerage presently 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 price target would suggest a potential upside of 10.72% from the company’s current price.
BARC has been the subject of several other research reports. Citigroup Inc. restated a “sell” rating and issued a GBX 150 ($1.96) price target on shares of Barclays PLC in a report on Wednesday, August 31st. Investec upgraded shares of Barclays PLC to a “buy” rating and set a GBX 270 ($3.52) price objective for the company in a research note on Thursday, August 25th. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.41) price objective on shares of Barclays PLC in a research note on Friday, September 9th. Morgan Stanley set a GBX 175 ($2.28) price objective on shares of Barclays PLC and gave the stock a “neutral” rating in a research note on Monday, September 12th. Finally, Deutsche Bank AG boosted their price objective on shares of Barclays PLC from GBX 170 ($2.22) to GBX 176 ($2.30) and gave the stock a “hold” rating in a research note on Monday, September 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 197.44 ($2.58).
Barclays PLC (LON:BARC) traded up 3.09% during midday trading on Wednesday, hitting GBX 171.60. 47,424,096 shares of the stock were exchanged. The company’s market cap is GBX 23.73 billion. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 259.50. The firm’s 50 day moving average price is GBX 164.73 and its 200 day moving average price is GBX 162.14.
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The firm also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.65%. The ex-dividend date was Thursday, August 11th.
In other news, insider Staley,James E sold 97,073 shares of the firm’s stock in a transaction that occurred on 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).
Barclays PLC Company Profile
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.
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