Barclays PLC (BARC) Earns “Outperform” Rating from Credit Suisse Group AG
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse Group AG in a report issued on Friday. They currently have a GBX 250 ($3.25) target price on the financial services provider’s stock. Credit Suisse Group AG’s price target suggests a potential upside of 18.12% from the stock’s current price.
A number of other research firms also recently commented on BARC. Morgan Stanley set a GBX 230 ($2.99) price objective on shares of Barclays PLC and gave the stock a “neutral” rating in a report on Thursday, February 16th. Deutsche Bank AG reissued a “buy” rating and set a GBX 270 ($3.51) price objective on shares of Barclays PLC in a report on Monday, February 20th. Goldman Sachs Group Inc set a GBX 250 ($3.25) price objective on shares of Barclays PLC and gave the stock a “neutral” rating in a report on Monday, February 20th. S&P Global set a GBX 280 ($3.64) price objective on shares of Barclays PLC and gave the stock a “buy” rating in a report on Thursday, February 23rd. Finally, Shore Capital reissued a “hold” rating and set a GBX 235 ($3.06) price objective on shares of Barclays PLC in a report on Thursday, February 23rd. Five analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 219.58 ($2.86).
Barclays PLC (LON:BARC) traded down 1.12% on Friday, hitting GBX 211.65. 32,508,938 shares of the company traded hands. The stock’s market cap is GBX 53.56 billion. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 267.32. The stock’s 50-day moving average is GBX 212.39 and its 200 day moving average is GBX 221.84.
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In related news, insider Ian Cheshire acquired 50,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average price of GBX 210 ($2.73) per share, for a total transaction of £105,000 ($136,594.25).
Barclays PLC Company Profile
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