Barclays PLC’s (BARC) Outperform Rating Reaffirmed at BNP Paribas
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued to clients and investors on Thursday. They currently have a GBX 205 ($2.68) price objective on the financial services provider’s stock. BNP Paribas’ price target indicates a potential upside of 19.46% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. HSBC set a GBX 150 ($1.96) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Deutsche Bank AG reduced their price objective on Barclays PLC from GBX 175 ($2.28) to GBX 160 ($2.09) and set a ” hold” rating on the stock in a research report on Monday, June 27th. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.41) price objective on shares of Barclays PLC in a research report on Monday, June 27th. Goldman Sachs Group Inc. set a GBX 170 ($2.22) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 180 ($2.35) price objective on shares of Barclays PLC in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 197.44 ($2.58).
Barclays PLC (LON:BARC) opened at 174.28 on Thursday. The company’s market cap is GBX 24.10 billion. The stock’s 50 day moving average price is GBX 164.73 and its 200-day moving average price is GBX 162.14. Barclays PLC has a 52-week low of GBX 121.10 and a 52-week high of GBX 259.50.
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The firm also recently announced a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were given a dividend of GBX 1 ($0.01) per share. This represents a 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 that occurred on Monday, June 27th. The stock was sold at an average price of GBX 139 ($1.81), for a total transaction 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.
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