Barclays PLC (LON:BARC) PT Lowered to GBX 160
Barclays PLC (LON:BARC) had its price objective cut by stock analysts at Citigroup Inc. from GBX 180 ($2.35) to GBX 160 ($2.09) in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s target price suggests a potential downside of 23.15% from the company’s previous close.
Several other research firms have also recently commented on BARC. BNP Paribas raised shares of Barclays PLC to an “outperform” rating and set a GBX 290 ($3.79) target price for the company in a research note on Friday, March 24th. Jefferies Group LLC lifted their target price on shares of Barclays PLC from GBX 222 ($2.90) to GBX 232 ($3.03) and gave the stock a “hold” rating in a research note on Tuesday, March 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 260 ($3.40) target price on shares of Barclays PLC in a research note on Tuesday, March 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 225 ($2.94) target price on shares of Barclays PLC in a research note on Thursday, March 30th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 250 ($3.26) target price on shares of Barclays PLC and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 227 ($2.96).
Barclays PLC (LON:BARC) traded up 0.92% during midday trading on Thursday, hitting GBX 208.20. The stock had a trading volume of 22,029,433 shares. The stock has a 50-day moving average price of GBX 205.82 and a 200 day moving average price of GBX 218.65. Barclays PLC has a 12-month low of GBX 145.25 and a 12-month high of GBX 267.32. The firm’s market cap is GBX 35.24 billion.
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In related news, insider Ian Cheshire bought 50,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average price of GBX 210 ($2.74) per share, for a total transaction of £105,000 ($137,111.52).
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