BNP Paribas Reiterates “Outperform” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reaffirmed by research analysts at BNP Paribas in a research note issued on Tuesday. They presently have a GBX 205 ($2.68) price target on the financial services provider’s stock. BNP Paribas’ price target suggests a potential upside of 18.09% from the stock’s previous close.
BARC has been the subject of several other reports. Deutsche Bank AG dropped their target price on shares of Barclays PLC from GBX 175 ($2.28) to GBX 160 ($2.09) and set a ” hold” rating for the company in a research report on Monday, June 27th. Citigroup Inc. reiterated a ” sell” rating and set a GBX 135 ($1.76) target price on shares of Barclays PLC in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. lowered shares of Barclays PLC to a ” underperform” rating and dropped their target price for the company from GBX 287 ($3.75) to GBX 115 ($1.50) in a research report on Monday, June 27th. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.41) target price on shares of Barclays PLC in a research report on Monday, June 27th. Finally, Macquarie set a GBX 175 ($2.28) target price on shares of Barclays PLC and gave the company a “buy” rating in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Barclays PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 197.44 ($2.58).
Barclays PLC (LON:BARC) traded down 0.37% during midday trading on Tuesday, hitting GBX 173.60. 57,570,445 shares of the stock traded hands. The company’s market capitalization is GBX 24.01 billion. Barclays PLC has a 52 week low of GBX 121.10 and a 52 week high of GBX 259.50. The stock’s 50-day moving average price is GBX 168.84 and its 200 day moving average price is GBX 162.56.
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The business also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 11th.
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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