Credit Suisse Group Trims Barclays PLC (BARC) Target Price to GBX 230
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.
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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
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