Investec Upgrades Barclays PLC (BARC) to Buy
Barclays PLC (LON:BARC) was upgraded by analysts at Investec to a “buy” rating in a research note issued to investors on Wednesday.
BARC has been the subject of a number of other research reports. BNP Paribas reaffirmed an “outperform” rating and set a GBX 205 ($2.50) target price on shares of Barclays PLC in a report on Tuesday, October 4th. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 150 ($1.83) target price on shares of Barclays PLC in a report on Wednesday, August 31st. Societe Generale reaffirmed a “buy” rating and set a GBX 185 ($2.25) target price on shares of Barclays PLC in a report on Friday, September 9th. Morgan Stanley set a GBX 175 ($2.13) target price on Barclays PLC and gave the stock a “neutral” rating in a report on Monday, September 12th. Finally, Deutsche Bank AG boosted their price target on Barclays PLC from GBX 170 ($2.07) to GBX 176 ($2.15) and gave the company a “hold” rating in a report on Monday, September 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Barclays PLC presently has an average rating of “Hold” and an average target price of GBX 197.44 ($2.41).
Shares of Barclays PLC (LON:BARC) opened at 176.05 on Wednesday. The firm’s 50-day moving average is GBX 170.25 and its 200-day moving average is GBX 163.43. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 255.75. The stock’s market capitalization is GBX 24.35 billion.
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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 issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.65%.
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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