Goldman Sachs Group, Inc. (The) Reiterates Sell Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “sell” rating reiterated by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Wednesday. They currently have a GBX 180 ($2.33) price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 13.06% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. J P Morgan Chase & Co upped their price target on shares of Barclays PLC from GBX 215 ($2.78) to GBX 225 ($2.91) and gave the company a ” neutral” rating in a research report on Wednesday, March 1st. Deutsche Bank AG set a GBX 267 ($3.46) price target on shares of Barclays PLC and gave the company a “buy” rating in a research report on Thursday, March 16th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 260 ($3.37) price target on shares of Barclays PLC in a research report on Tuesday, April 11th. Morgan Stanley set a GBX 280 ($3.63) price target on shares of Barclays PLC and gave the company a “buy” rating in a research report on Thursday, April 20th. Finally, S&P Global set a GBX 250 ($3.24) price target on shares of Barclays PLC and gave the company a “buy” rating in a research report on Friday, April 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 232.47 ($3.01).
Barclays PLC (LON BARC) traded up 2.12% during mid-day trading on Wednesday, reaching GBX 207.05. 25,195,249 shares of the company were exchanged. Barclays PLC has a one year low of GBX 130.15 and a one year high of GBX 267.32. The stock has a 50-day moving average price of GBX 207.32 and a 200 day moving average price of GBX 220.53. The company’s market capitalization is GBX 35.04 billion.
In other news, insider Ian Cheshire bought 50,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was purchased at an average cost of GBX 210 ($2.72) per share, for a total transaction of £105,000 ($136,010.36).
Barclays PLC Company Profile
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