Barclays PLC (LON:BARC) had its target price dropped by investment analysts at Credit Suisse Group from GBX 250 ($3.29) to GBX 230 ($3.02) in a research report issued on Tuesday. The firm presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price target points to a potential upside of 22.11% from the company’s previous close.

BARC has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) upped their price objective on Barclays PLC to GBX 180 ($2.37) and gave the stock a “sell” rating in a research note on Thursday, June 22nd. HSBC Holdings plc set a GBX 250 ($3.29) price objective on Barclays PLC and gave the stock a “buy” rating in a research note on Friday, August 11th. Societe Generale reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Monday, September 11th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 240 ($3.16) price objective on shares of Barclays PLC in a research note on Thursday, July 20th. Finally, UBS AG set a GBX 235 ($3.09) price objective on Barclays PLC and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Barclays PLC currently has an average rating of “Hold” and a consensus price target of GBX 224 ($2.95).

Barclays PLC (LON:BARC) opened at 188.35 on Tuesday. The firm has a 50-day moving average price of GBX 190.37 and a 200 day moving average price of GBX 204.69. The company’s market cap is GBX 32.12 billion. Barclays PLC has a 52 week low of GBX 164.40 and a 52 week high of GBX 267.32.

ILLEGAL ACTIVITY NOTICE: “Credit Suisse Group Trims Barclays PLC (BARC) Target Price to GBX 230” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/10/credit-suisse-group-trims-barclays-plc-barc-target-price-to-gbx-230.html.

In other news, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of GBX 192 ($2.52) per share, with a total value of £19,200 ($25,243.23). Also, insider Tim J. Breedon acquired 3,224 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of GBX 202 ($2.66) per share, for a total transaction of £6,512.48 ($8,562.29). Over the last quarter, insiders bought 88,093 shares of company stock worth $16,946,096.

About Barclays PLC

Analyst Recommendations for Barclays PLC (LON:BARC)

Receive News & Stock Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related stocks with our FREE daily email newsletter.