Goldman Sachs Group Inc. Increases Barclays PLC (BARC) Price Target to GBX 200
Barclays PLC (LON:BARC) had its price objective lifted by research analysts at Goldman Sachs Group Inc. from GBX 190 ($2.36) to GBX 200 ($2.48) in a research note issued on Friday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 6.99% from the company’s previous close.
Several other research analysts have also commented on the stock. Deutsche Bank AG restated a “hold” rating and issued a GBX 198 ($2.46) price objective on shares of Barclays PLC in a report on Thursday, November 24th. HSBC upped their price objective on shares of Barclays PLC from GBX 190 ($2.36) to GBX 250 ($3.10) and gave the stock a “buy” rating in a report on Wednesday, November 23rd. BNP Paribas reiterated an “outperform” rating and issued a GBX 230 ($2.85) price target on shares of Barclays PLC in a research note on Friday, November 18th. Macquarie reiterated an “outperform” rating and issued a GBX 230 ($2.85) price target on shares of Barclays PLC in a research note on Thursday, November 17th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 235 ($2.92) price target (up from GBX 215 ($2.67)) on shares of Barclays PLC in a research note on Friday, November 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 207.81 ($2.58).
Shares of Barclays PLC (LON:BARC) opened at 211.90 on Friday. The firm has a 50-day moving average of GBX 191.62 and a 200 day moving average of GBX 170.28. The company’s market cap is GBX 50.53 billion. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 238.10.
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In related news, insider Tristram Roberts sold 150,931 shares of Barclays PLC stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.53), for a total value of £307,899.24 ($381,961.59).
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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