Deutsche Bank AG Reaffirms “Hold” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank AG in a research report issued on Thursday. They currently have a GBX 176 ($2.18) target price on the financial services provider’s stock. Deutsche Bank AG’s target price points to a potential upside of 4.48% from the company’s current price.
Other equities analysts have also issued reports about the stock. Citigroup Inc. reissued a ” sell” rating and set a GBX 135 ($1.67) price objective on shares of Barclays PLC in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. downgraded shares of Barclays PLC to a ” underperform” rating and lowered their target price for the company from GBX 287 ($3.55) to GBX 115 ($1.42) in a research note on Monday, June 27th. Societe Generale restated a “buy” rating and issued a GBX 185 ($2.29) target price on shares of Barclays PLC in a research note on Monday, June 27th. Macquarie set a GBX 175 ($2.17) target price on shares of Barclays PLC and gave the company a “buy” rating in a research note on Wednesday, July 6th. Finally, Shore Capital restated a “buy” rating on shares of Barclays PLC in a research note on Friday, July 29th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 197.44 ($2.44).
Shares of Barclays PLC (LON:BARC) opened at 168.45 on Thursday. The stock’s market capitalization is GBX 23.30 billion. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 255.75. The stock has a 50 day moving average price of GBX 169.63 and a 200 day moving average price of GBX 162.93.
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The business also recently announced a dividend, which was paid on Monday, September 19th. Investors 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 of this dividend was Thursday, August 11th.
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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