Deutsche Bank AG Reaffirms “Hold” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank AG in a report issued on Thursday. They currently have a GBX 176 ($2.18) price objective on the financial services provider’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 4.48% from the company’s previous close.
Several other analysts also recently issued reports on BARC. BNP Paribas restated a “neutral” rating and issued a GBX 165 ($2.04) price target on shares of Barclays PLC in a research note on Monday, August 1st. JPMorgan Chase & Co. cut their target price on Barclays PLC from GBX 180 ($2.23) to GBX 175 ($2.17) and set a “neutral” rating for the company in a research report on Thursday, August 11th. Sanford C. Bernstein set a GBX 110 ($1.36) target price on Barclays PLC and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Morgan Stanley set a GBX 155 ($1.92) target price on Barclays PLC and gave the company a “neutral” rating in a research report on Thursday, June 30th. Finally, Macquarie upped their target price on Barclays PLC from GBX 175 ($2.17) to GBX 200 ($2.48) and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 197.44 ($2.44).
Barclays PLC (LON:BARC) opened at 168.45 on Thursday. The company’s market cap is GBX 23.30 billion. The company has a 50-day moving average price of GBX 169.63 and a 200 day moving average price of GBX 162.93. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 255.75.
The business also recently declared a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were issued a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 11th.
About Barclays PLC
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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