HSBC Holdings plc Reiterates Buy Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by analysts at HSBC Holdings plc in a research note issued on Monday. They currently have a GBX 250 ($3.23) price objective on the financial services provider’s stock. HSBC Holdings plc’s target price indicates a potential upside of 33.94% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. UBS AG set a GBX 235 ($3.03) target price on Barclays PLC and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Deutsche Bank AG reissued a “buy” rating on shares of Barclays PLC in a research note on Wednesday, June 7th. Investec reissued a “buy” rating and issued a GBX 245 ($3.16) target price on shares of Barclays PLC in a research note on Thursday, June 1st. Credit Suisse Group set a GBX 250 ($3.23) target price on Barclays PLC and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Morgan Stanley set a GBX 250 ($3.23) target price on Barclays PLC and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Barclays PLC presently has a consensus rating of “Hold” and an average target price of GBX 226.56 ($2.93).
Barclays PLC (LON:BARC) opened at 187.20 on Monday. The stock’s market capitalization is GBX 31.93 billion. Barclays PLC has a 12-month low of GBX 155.95 and a 12-month high of GBX 267.32. The firm’s 50-day moving average is GBX 196.90 and its 200-day moving average is GBX 209.47.
In other Barclays PLC news, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of GBX 192 ($2.48) per share, with a total value of £19,200 ($24,796.59). Also, insider Tim J. Breedon acquired 3,224 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of GBX 202 ($2.61) per share, for a total transaction of £6,512.48 ($8,410.80).
About Barclays PLC
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