Barclays PLC (BARC) Given Consensus Recommendation of “Hold” by Analysts
Shares of Barclays PLC (LON:BARC) have been given an average recommendation of “Hold” by the twenty-six research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 202.92 ($2.54).
Several equities analysts recently weighed in on the company. Macquarie reissued an “outperform” rating and set a GBX 230 ($2.87) price objective on shares of Barclays PLC in a research report on Thursday, November 17th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 190 ($2.37) price objective (up previously from GBX 175 ($2.19)) on shares of Barclays PLC in a research report on Friday, October 28th. Societe Generale set a GBX 215 ($2.69) price objective on Barclays PLC and gave the stock a “buy” rating in a research report on Friday, October 28th. Investec raised Barclays PLC to a “buy” rating and boosted their price objective for the stock from GBX 195 ($2.44) to GBX 200 ($2.50) in a research report on Wednesday, October 19th. Finally, Citigroup Inc. boosted their price objective on Barclays PLC from GBX 110 ($1.37) to GBX 130 ($1.62) and gave the stock a “sell” rating in a research report on Thursday, July 28th.
Shares of Barclays PLC (LON:BARC) opened at 210.60 on Thursday. The company has a 50 day moving average price of GBX 185.76 and a 200 day moving average price of GBX 168.46. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 238.10. The company’s market cap is GBX 50.22 billion.
In other Barclays PLC 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).
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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