Barclays PLC’s (BARC) Buy Rating Reiterated at Investec
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by Investec in a note issued to investors on Tuesday. They currently have a GBX 245 ($3.12) target price on the financial services provider’s stock. Investec’s price target would suggest a potential upside of 18.50% from the stock’s current price.
BARC has been the subject of a number of other research reports. Credit Suisse Group reissued an “outperform” rating and set a GBX 260 ($3.31) target price on shares of Barclays PLC in a research note on Friday, February 24th. Goldman Sachs Group, Inc. (The) set a GBX 250 ($3.19) target price on shares of Barclays PLC and gave the company a “neutral” rating in a research note on Monday, February 20th. Royal Bank Of Canada set a GBX 230 ($2.93) price objective on shares of Barclays PLC and gave the company a “neutral” rating in a research note on Friday, April 28th. Macquarie reaffirmed a “neutral” rating and issued a GBX 245 ($3.12) price objective on shares of Barclays PLC in a research note on Monday, March 6th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 220.63 ($2.81).
Barclays PLC (LON BARC) traded down 1.38% during mid-day trading on Tuesday, hitting GBX 203.90. The stock had a trading volume of 15,202,274 shares. The firm’s 50-day moving average is GBX 209.13 and its 200 day moving average is GBX 222.06. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 267.32. The stock’s market cap is GBX 34.51 billion.
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In other news, insider Ian Cheshire purchased 50,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was purchased at an average price of GBX 210 ($2.68) per share, for a total transaction of £105,000 ($133,775.00).
Barclays PLC Company Profile
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