Barclays PLC (BARC) Given Average Recommendation of “Hold” by Analysts
Shares of Barclays PLC (LON:BARC) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 230.38 ($2.98).
Several analysts have recently weighed in on BARC shares. J P Morgan Chase & Co set a GBX 240 ($3.10) target price on Barclays PLC and gave the company a “buy” rating in a research note on Monday, June 26th. Goldman Sachs Group, Inc. (The) downgraded Barclays PLC to a “sell” rating and decreased their price target for the stock from GBX 250 ($3.23) to GBX 180 ($2.33) in a research note on Friday, May 5th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 260 ($3.36) price target on shares of Barclays PLC in a research note on Thursday, May 18th. Deutsche Bank AG reiterated a “buy” rating on shares of Barclays PLC in a research note on Wednesday, June 7th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 250 ($3.23) price target on shares of Barclays PLC in a research note on Friday, May 26th.
Shares of Barclays PLC (LON BARC) opened at 190.20 on Tuesday. The company’s 50-day moving average price is GBX 204.30 and its 200-day moving average price is GBX 213.83. Barclays PLC has a 12 month low of GBX 155.95 and a 12 month high of GBX 267.32. The company’s market cap is GBX 32.44 billion.
The company also recently announced a dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 10th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.48%.
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In other news, insider Tim J. Breedon bought 3,224 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of GBX 202 ($2.61) per share, with a total value of £6,512.48 ($8,422.76).
About Barclays PLC
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