Barclays PLC (BARC) Rating Reiterated by BNP Paribas
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BNP Paribas in a research report issued to clients and investors on Friday. They presently have a GBX 230 ($2.87) price target on the financial services provider’s stock. BNP Paribas’ target price would suggest a potential upside of 9.21% from the stock’s current price.
Several other brokerages have also recently weighed in on BARC. Macquarie reaffirmed an “outperform” rating and issued a GBX 230 ($2.87) price target on shares of Barclays PLC in a research report on Thursday, November 17th. Goldman Sachs Group Inc. upped their price target on shares of Barclays PLC from GBX 180 ($2.25) to GBX 190 ($2.37) and gave the stock a “neutral” rating in a research report on Monday, November 14th. HSBC reaffirmed a “buy” rating and issued a GBX 190 ($2.37) price target on shares of Barclays PLC in a research report on Monday, November 14th. Societe Generale reaffirmed a “buy” rating and issued a GBX 235 ($2.94) price target (up previously from GBX 215 ($2.69)) on shares of Barclays PLC in a research report on Friday, November 11th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 190 ($2.37) price target (up previously from GBX 175 ($2.19)) on shares of Barclays PLC in a research report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 202.92 ($2.54).
Barclays PLC (LON:BARC) opened at 210.60 on Friday. The stock’s market cap is GBX 50.22 billion. The stock 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 52 week low of GBX 121.10 and a 52 week high of GBX 238.10.
In other Barclays PLC 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).
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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