HSBC Boosts Barclays PLC (BARC) Price Target to GBX 250
Barclays PLC (LON:BARC) had its target price hoisted by HSBC to GBX 250 ($3.12) in a research note issued on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. HSBC’s target price would suggest a potential upside of 16.27% from the company’s previous close.
Other analysts have also recently issued research reports about the company. BNP Paribas reiterated a “neutral” rating and set a GBX 165 ($2.06) price objective on shares of Barclays PLC in a research report on Monday, August 1st. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.31) price objective on shares of Barclays PLC in a research report on Thursday, September 15th. Citigroup Inc. upped their price objective on Barclays PLC from GBX 110 ($1.37) to GBX 130 ($1.62) and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Macquarie upped their price objective on Barclays PLC from GBX 175 ($2.19) to GBX 200 ($2.50) and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Finally, S&P Global Inc. set a GBX 165 ($2.06) price objective on Barclays PLC and gave the company a “neutral” rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 203.32 ($2.54).
Barclays PLC (LON:BARC) opened at 215.0237 on Wednesday. The stock’s market capitalization is GBX 51.27 billion. The company’s 50 day moving average price is GBX 190.12 and its 200-day moving average price is GBX 169.82. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 238.10.
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In related news, insider Tristram Roberts sold 150,931 shares of the firm’s stock in a transaction 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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