Barclays PLC (BARC) Now Covered by Analysts at Credit Suisse Group AG
Credit Suisse Group AG assumed coverage on shares of Barclays PLC (LON:BARC) in a research note issued to investors on Tuesday morning. The brokerage issued an outperform rating and a GBX 260 ($3.23) target price on the financial services provider’s stock.
BARC has been the topic of a number of other research reports. Macquarie reaffirmed an outperform rating and set a GBX 200 ($2.48) price target on shares of Barclays PLC in a research report on Monday, August 8th. Investec raised Barclays PLC to a buy rating and raised their price target for the stock from GBX 195 ($2.42) to GBX 200 ($2.48) in a research report on Wednesday, October 19th. HSBC raised their price target on Barclays PLC from GBX 190 ($2.36) to GBX 250 ($3.10) and gave the stock a buy rating in a research report on Tuesday. S&P Global Inc. set a GBX 200 ($2.48) price target on Barclays PLC and gave the stock a neutral rating in a research report on Thursday, October 27th. Finally, BNP Paribas reaffirmed an outperform rating and set a GBX 230 ($2.85) price target on shares of Barclays PLC in a research report on Friday, November 18th. Three 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 stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 207.81 ($2.58).
Shares of Barclays PLC (LON:BARC) opened at 214.60 on Tuesday. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 238.10. The firm’s 50-day moving average price is GBX 191.62 and its 200-day moving average price is GBX 170.28. The company’s market cap is GBX 51.17 billion.
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In other Barclays PLC news, insider Tristram Roberts sold 150,931 shares of Barclays PLC stock in a transaction that occurred on 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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