Barclays PLC’s (BARC) Buy Rating Reaffirmed at HSBC
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reissued by equities researchers at HSBC in a report released on Monday. They currently have a GBX 190 ($2.35) price objective on the financial services provider’s stock. HSBC’s price target suggests a potential downside of 5.67% from the company’s previous close.
BARC has been the topic of a number of other research reports. BNP Paribas reiterated an “outperform” rating and set a GBX 205 ($2.54) target price on shares of Barclays PLC in a report on Tuesday, October 4th. Citigroup Inc. reiterated a “sell” rating and set a GBX 150 ($1.86) target price on shares of Barclays PLC in a report on Wednesday, August 31st. Investec upgraded Barclays PLC to a “buy” rating and set a GBX 270 ($3.34) target price on the stock in a report on Thursday, August 25th. Goldman Sachs Group Inc. set a GBX 175 ($2.17) target price on Barclays PLC and gave the company a “neutral” rating in a report on Monday, October 24th. Finally, Morgan Stanley set a GBX 175 ($2.17) target price on Barclays PLC and gave the company a “neutral” rating in a report on Monday, September 12th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 200.72 ($2.49).
Shares of Barclays PLC (LON:BARC) opened at 207.90 on Monday. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 238.10. The stock’s market cap is GBX 49.57 billion. The company has a 50 day moving average price of GBX 178.33 and a 200 day moving average price of GBX 166.79.
In related news, insider Tristram Roberts sold 150,931 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.53), for a total transaction of £307,899.24 ($381,393.83).
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.
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