Goldman Sachs Group Inc. Increases Barclays PLC (BARC) Price Target to GBX 190
Barclays PLC (LON:BARC) had its target price boosted by analysts at Goldman Sachs Group Inc. from GBX 180 ($2.25) to GBX 190 ($2.37) in a research note issued on Monday. The firm presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target points to a potential downside of 10.34% from the stock’s current price.
BARC has been the subject of several other reports. BNP Paribas reiterated an “outperform” rating and issued a GBX 205 ($2.56) price objective on shares of Barclays PLC in a report on Tuesday, October 4th. Citigroup Inc. reiterated a “sell” rating and issued a GBX 150 ($1.87) price objective on shares of Barclays PLC in a report on Wednesday, August 31st. Investec upgraded shares of Barclays PLC to a “buy” rating and set a GBX 270 ($3.37) price objective for the company in a report on Thursday, August 25th. Morgan Stanley set a GBX 175 ($2.19) price objective on shares of Barclays PLC and gave the company a “neutral” rating in a report on Monday, September 12th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 185 ($2.31) price objective on shares of Barclays PLC in a report on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 200.72 ($2.51).
Barclays PLC (LON:BARC) opened at 211.90 on Monday. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 238.10. The firm has a 50-day moving average price of GBX 180.48 and a 200 day moving average price of GBX 167.25. The firm’s market capitalization is GBX 50.53 billion.
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 shares were sold at an average price of GBX 204 ($2.55), for a total transaction of £307,899.24 ($384,681.71).
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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