Barclays PLC (BARC) PT Lowered to GBX 250
Barclays PLC (LON:BARC) had its price target decreased by Credit Suisse Group AG from GBX 260 ($3.38) to GBX 250 ($3.25) in a research note issued to investors on Friday, May 19th. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 18.12% from the stock’s previous close.
Several other analysts also recently issued reports on BARC. HSBC Holdings plc reissued a “buy” rating and issued a GBX 260 ($3.38) price target on shares of Barclays PLC in a research note on Thursday, May 18th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 222 ($2.89) price target on shares of Barclays PLC in a research note on Thursday, February 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 215 ($2.80) price target on shares of Barclays PLC in a research note on Friday, February 24th. Royal Bank of Canada lifted their price target on Barclays PLC from GBX 220 ($2.86) to GBX 230 ($2.99) and gave the company a “sector performer” rating in a research note on Tuesday, February 28th. Finally, Deutsche Bank AG set a GBX 267 ($3.47) price target on Barclays PLC and gave the company a “buy” rating in a research note on Monday, March 6th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 219.58 ($2.86).
Shares of Barclays PLC (LON:BARC) traded down 1.1212% on Friday, reaching GBX 211.4368. The company’s stock had a trading volume of 32,522,734 shares. The company’s 50 day moving average is GBX 212.39 and its 200-day moving average is GBX 221.84. The stock’s market cap is GBX 8.76 billion. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 267.32.
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In related news, insider Ian Cheshire purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was acquired at an average cost 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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