Macquarie Reiterates “Outperform” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reissued by equities researchers at Macquarie in a report issued on Thursday. They currently have a GBX 230 ($2.87) price objective on the financial services provider’s stock. Macquarie’s target price would indicate a potential upside of 8.36% from the stock’s previous close.
BARC has been the topic of a number of other reports. S&P Global Inc. set a GBX 165 ($2.06) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Friday, July 29th. Investec upgraded Barclays PLC to a “buy” rating and lifted their price objective for the stock from GBX 195 ($2.44) to GBX 200 ($2.50) in a research report on Wednesday, October 19th. Goldman Sachs Group Inc. set a GBX 170 ($2.12) price objective on Barclays PLC and gave the stock a “neutral” rating in a research report on Monday, July 25th. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research report on Friday, July 29th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 160 ($2.00) price objective on shares of Barclays PLC in a research report on Wednesday, July 20th. Three equities 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 an average target price of GBX 202.92 ($2.54).
Barclays PLC (LON:BARC) opened at 212.250 on Thursday. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 238.10. The firm’s market cap is GBX 50.61 billion. The company has a 50-day moving average price of GBX 184.58 and a 200-day moving average price of GBX 168.12.
In related news, insider Tristram Roberts sold 150,931 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.55), for a total value 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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