Barclays PLC’s (BARC) “Buy” Rating Reiterated at HSBC
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by HSBC in a research report issued to clients and investors on Tuesday. They presently have a GBX 250 ($3.10) price objective on the financial services provider’s stock. HSBC’s target price indicates a potential upside of 15.77% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. BNP Paribas reaffirmed a “neutral” rating and set a GBX 165 ($2.05) price objective on shares of Barclays PLC in a research report on Monday, August 1st. Societe Generale reissued a “buy” rating and issued a GBX 185 ($2.30) target price on shares of Barclays PLC in a research report on Thursday, September 15th. Goldman Sachs Group Inc. raised their target price on Barclays PLC from GBX 190 ($2.36) to GBX 200 ($2.48) and gave the stock a “neutral” rating in a research report on Friday, November 25th. Citigroup Inc. raised their target price on Barclays PLC from GBX 110 ($1.36) to GBX 130 ($1.61) and gave the stock a “sell” rating in a research report on Wednesday, August 3rd. Finally, Macquarie raised their target price on Barclays PLC from GBX 175 ($2.17) to GBX 200 ($2.48) and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 207.81 ($2.58).
Barclays PLC (LON:BARC) opened at 215.95 on Tuesday. Barclays PLC has a 52-week low of GBX 121.10 and a 52-week high of GBX 238.10. The company’s market capitalization is GBX 51.49 billion. The company has a 50 day moving average of GBX 191.62 and a 200 day moving average of GBX 170.28.
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In related news, insider Tristram Roberts sold 150,931 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.53), for a total transaction of £307,899.24 ($381,961.59).
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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