UBS AG Analysts Give Barclays PLC (BARC) a GBX 220 Price Target
Barclays PLC (LON:BARC) has been assigned a GBX 220 ($2.90) price target by investment analysts at UBS AG in a report released on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS AG’s price objective suggests a potential upside of 20.88% from the company’s current price.
BARC has been the topic of several other research reports. Berenberg Bank reiterated a “sell” rating and set a GBX 200 ($2.64) target price on shares of Barclays PLC in a report on Monday, August 7th. J P Morgan Chase & Co set a GBX 240 ($3.17) target price on Barclays PLC and gave the stock a “buy” rating in a report on Thursday, August 10th. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a report on Friday, July 28th. Investec reiterated a “buy” rating and set a GBX 245 ($3.23) target price on shares of Barclays PLC in a report on Friday, July 28th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 219.47 ($2.90).
Shares of Barclays PLC (LON BARC) traded down GBX 1.25 ($0.02) during trading on Monday, hitting GBX 182 ($2.40). The stock had a trading volume of 44,583,068 shares, compared to its average volume of 41,970,000. Barclays PLC has a 12 month low of GBX 175.46 ($2.32) and a 12 month high of GBX 267.32 ($3.53).
In related news, insider Ian Cheshire purchased 30,000 shares of Barclays PLC stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average price of GBX 183 ($2.41) per share, with a total value of £54,900 ($72,446.56). Also, insider Tristram Roberts purchased 74,869 shares of Barclays PLC stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of GBX 192 ($2.53) per share, for a total transaction of £143,748.48 ($189,691.84). Insiders have purchased 114,869 shares of company stock worth $21,784,848 in the last three months.
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