Credit Suisse Group Reiterates Outperform Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a note issued to investors on Thursday. They currently have a GBX 230 ($3.03) target price on the financial services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 24.32% from the stock’s current price.
Several other equities research analysts have also recently weighed in on BARC. BNP Paribas restated an “outperform” rating and issued a GBX 240 ($3.16) price objective on shares of Barclays PLC in a research report on Wednesday, July 19th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 240 ($3.16) price objective on shares of Barclays PLC in a research report on Thursday, July 20th. Citigroup Inc. lowered their price objective on shares of Barclays PLC from GBX 180 ($2.37) to GBX 160 ($2.10) and set a “neutral” rating for the company in a research report on Thursday, July 20th. Shore Capital restated a “buy” rating on shares of Barclays PLC in a research report on Friday, July 28th. Finally, UBS AG set a GBX 235 ($3.09) price objective on shares of Barclays PLC and gave the company a “buy” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned 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 price target of GBX 217.12 ($2.86).
Shares of Barclays PLC (BARC) opened at GBX 185 ($2.43) on Thursday. Barclays PLC has a 1 year low of GBX 177.30 ($2.33) and a 1 year high of GBX 267.32 ($3.52).
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In other Barclays PLC news, insider Matthew Lester acquired 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were bought at an average cost of GBX 192 ($2.53) per share, for a total transaction of £19,200 ($25,253.19). Also, insider Ian Cheshire acquired 30,000 shares of the stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,208.34). In the last ninety days, insiders acquired 114,869 shares of company stock worth $21,784,848.
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