Barclays PLC (BARC) Earns Buy Rating from Deutsche Bank AG
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 231 ($3.11) target price on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 20.60% from the company’s previous close.
A number of other equities research analysts have also issued reports on BARC. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 225 ($3.03) target price on shares of Barclays PLC in a research report on Tuesday, May 23rd. Credit Suisse Group reissued an “outperform” rating and issued a GBX 250 ($3.37) target price on shares of Barclays PLC in a research report on Friday, May 26th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 180 ($2.43) target price on shares of Barclays PLC in a research report on Tuesday, May 30th. Investec reissued a “buy” rating and issued a GBX 245 ($3.30) target price on shares of Barclays PLC in a research report on Thursday, June 1st. Finally, UBS AG set a GBX 235 ($3.17) target price on Barclays PLC and gave the company a “buy” rating in a research report on Wednesday, June 7th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 226.56 ($3.05).
Barclays PLC (BARC) traded up 0.60% during mid-day trading on Tuesday, reaching GBX 191.55. The company’s stock had a trading volume of 24,047,006 shares. The stock’s 50 day moving average is GBX 195.88 and its 200 day moving average is GBX 208.63. 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 32.67 billion.
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In related news, insider Tim J. Breedon acquired 3,224 shares of the company’s stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of GBX 202 ($2.72) per share, with a total value of £6,512.48 ($8,780.48). Also, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of GBX 192 ($2.59) per share, with a total value of £19,200 ($25,886.48).
About Barclays PLC
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