Investec Upgrades Barclays PLC (BARC) to Buy
Barclays PLC (LON:BARC) was upgraded by equities researchers at Investec to a “buy” rating in a research report issued on Wednesday.
Several other research firms have also recently weighed in on BARC. Deutsche Bank AG decreased their price objective on shares of Barclays PLC from GBX 175 ($2.13) to GBX 160 ($1.95) and set a ” hold” rating for the company in a research report on Monday, June 27th. Citigroup Inc. reiterated a ” sell” rating and set a GBX 135 ($1.65) price objective on shares of Barclays PLC in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. cut shares of Barclays PLC to a ” underperform” rating and decreased their price objective for the stock from GBX 287 ($3.50) to GBX 115 ($1.40) in a research report on Monday, June 27th. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.25) price objective on shares of Barclays PLC in a research report on Monday, June 27th. Finally, Macquarie set a GBX 175 ($2.13) price objective on shares of Barclays PLC and gave the stock a “buy” rating in a research report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Barclays PLC has an average rating of “Hold” and a consensus target price of GBX 197.44 ($2.41).
Shares of Barclays PLC (LON:BARC) opened at 176.05 on Wednesday. The firm’s 50-day moving average is GBX 170.25 and its 200 day moving average is GBX 163.43. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 255.75. The company’s market capitalization is GBX 24.35 billion.
The firm also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.65%.
Barclays PLC Company Profile
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.