Barclays PLC (BARC) Price Target Cut to GBX 216 by Analysts at Jefferies Group LLC
Barclays PLC (LON:BARC) had its price objective decreased by Jefferies Group LLC from GBX 232 ($3.12) to GBX 216 ($2.90) in a research report sent to investors on Wednesday morning. Jefferies Group LLC currently has a hold rating on the financial services provider’s stock.
Other research analysts have also issued reports about the company. Investec reissued a buy rating and issued a GBX 245 ($3.29) price objective on shares of Barclays PLC in a report on Thursday, June 1st. JPMorgan Chase & Co. set a GBX 240 ($3.23) price objective on Barclays PLC and gave the company a buy rating in a report on Monday, June 26th. Credit Suisse Group set a GBX 250 ($3.36) price objective on Barclays PLC and gave the company a buy rating in a report on Wednesday, June 14th. Morgan Stanley set a GBX 250 ($3.36) price objective on Barclays PLC and gave the company a buy rating in a report on Tuesday, June 13th. Finally, HSBC Holdings plc reissued a buy rating and issued a GBX 250 ($3.36) price objective on shares of Barclays PLC in a report on Thursday, June 8th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 226.22 ($3.04).
Barclays PLC (BARC) opened at 193.35 on Wednesday. The firm has a 50-day moving average price of GBX 195.88 and a 200 day moving average price of GBX 208.63. Barclays PLC has a 12 month low of GBX 155.95 and a 12 month high of GBX 267.32. The stock’s market capitalization is GBX 32.97 billion.
The company also recently announced a dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 10th were given a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, August 10th. This represents a dividend yield of 0.48%.
In other news, insider Tim J. Breedon bought 3,224 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of GBX 202 ($2.72) per share, for a total transaction of £6,512.48 ($8,758.04). Also, insider Matthew Lester bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average price of GBX 192 ($2.58) per share, for a total transaction of £19,200 ($25,820.33).
About Barclays PLC
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