Barclays PLC (BARC) Upgraded at Berenberg Bank
Barclays PLC (LON:BARC) was upgraded by equities researchers at Berenberg Bank to a “hold” rating in a research note issued to investors on Friday. The firm presently has a GBX 200 ($2.66) target price on the financial services provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 2.20% from the stock’s previous close.
BARC has been the topic of a number of other research reports. Goldman Sachs Group Inc increased their price objective on Barclays PLC to GBX 180 ($2.39) and gave the stock a “sell” rating in a research report on Thursday, June 22nd. HSBC Holdings plc set a GBX 250 ($3.32) price objective on Barclays PLC and gave the stock a “buy” rating in a research report on Friday, August 11th. Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a research report on Monday, September 11th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 240 ($3.19) price objective on shares of Barclays PLC in a research report on Thursday, July 20th. Finally, UBS AG set a GBX 235 ($3.12) price objective on Barclays PLC and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 224 ($2.98).
Barclays PLC (LON:BARC) traded up 1.93% during trading on Friday, hitting GBX 195.70. The stock had a trading volume of 47,803,754 shares. The stock’s market capitalization is GBX 33.37 billion. The company has a 50-day moving average of GBX 190.14 and a 200-day moving average of GBX 202.97. Barclays PLC has a 52 week low of GBX 175.46 and a 52 week high of GBX 267.32.
In other news, insider Matthew Lester acquired 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of GBX 192 ($2.55) per share, with a total value of £19,200 ($25,511.56). Also, insider Tristram Roberts acquired 74,869 shares of the business’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of GBX 192 ($2.55) per share, for a total transaction of £143,748.48 ($191,002.50). Insiders purchased 88,093 shares of company stock worth $16,946,096 over the last three months.
Barclays PLC Company Profile
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