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.

ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/21/barclays-plc-barc-upgraded-at-berenberg-bank.html.

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

Analyst Recommendations for Barclays PLC (LON:BARC)

Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.