Barclays PLC (BARC) Rating Reiterated by Societe Generale
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reissued by analysts at Societe Generale in a report issued on Friday. They currently have a GBX 235 ($2.94) price target on the financial services provider’s stock, up from their prior price target of GBX 215 ($2.69). Societe Generale’s price target suggests a potential upside of 10.69% from the company’s current price.
Several other brokerages have also recently issued reports on BARC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 190 ($2.37) target price (up previously from GBX 175 ($2.19)) on shares of Barclays PLC in a research report on Friday, October 28th. Morgan Stanley set a GBX 190 ($2.37) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Friday, October 28th. BNP Paribas reissued an “outperform” rating and issued a GBX 205 ($2.56) price objective on shares of Barclays PLC in a research report on Tuesday, November 8th. Goldman Sachs Group Inc. set a GBX 175 ($2.19) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Monday, October 24th. Finally, Deutsche Bank AG raised their price objective on Barclays PLC from GBX 176 ($2.20) to GBX 184 ($2.30) and gave the stock a “hold” rating in a research report on Tuesday, October 25th. 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 presently has an average rating of “Hold” and an average target price of GBX 200.72 ($2.51).
Shares of Barclays PLC (LON:BARC) opened at 213.52 on Friday. The firm’s 50-day moving average price is GBX 179.60 and its 200 day moving average price is GBX 166.98. The company’s market cap is GBX 50.91 billion. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 238.10.
In related news, insider Tristram Roberts sold 150,931 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of GBX 204 ($2.55), for a total transaction of £307,899.24 ($384,681.71).
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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