Barclays PLC (BARC) Receives “Buy” Rating from Deutsche Bank AG
Several other equities analysts also recently weighed in on the company. J P Morgan Chase & Co raised Barclays PLC to an overweight rating and raised their price objective for the company from GBX 225 ($2.87) to GBX 240 ($3.06) in a research note on Friday, June 2nd. Investec reaffirmed a buy rating and issued a GBX 245 ($3.12) price objective on shares of Barclays PLC in a research note on Thursday, June 1st. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 180 ($2.29) price target on shares of Barclays PLC in a research report on Tuesday, May 30th. Credit Suisse Group reissued an outperform rating and set a GBX 250 ($3.19) price target on shares of Barclays PLC in a research report on Friday, May 26th. Finally, HSBC Holdings plc reissued a buy rating and set a GBX 260 ($3.31) price target on shares of Barclays PLC in a research report on Thursday, May 18th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 220.63 ($2.81).
Barclays PLC (LON BARC) traded up 0.79% on Wednesday, hitting GBX 197.55. The stock had a trading volume of 38,261,179 shares. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 267.32. The company’s market cap is GBX 33.43 billion. The company has a 50-day moving average of GBX 208.72 and a 200 day moving average of GBX 221.85.
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In other news, insider Ian Cheshire acquired 50,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were bought at an average cost of GBX 210 ($2.68) per share, for a total transaction of £105,000 ($133,775.00).
About Barclays PLC
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