Barclays PLC (BARC) Price Target Cut to GBX 210
Barclays PLC (LON:BARC) had its price target decreased by equities researchers at Deutsche Bank AG from GBX 226 ($2.97) to GBX 210 ($2.76) in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 16.80% from the stock’s previous close.
BARC has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Barclays PLC in a report on Wednesday, September 6th. UBS AG set a GBX 235 ($3.09) price target on Barclays PLC and gave the stock a “buy” rating in a research report on Friday, August 18th. Credit Suisse Group set a GBX 230 ($3.03) price target on Barclays PLC and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BNP Paribas set a GBX 215 ($2.83) price target on Barclays PLC and gave the stock a “neutral” rating in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 240 ($3.16) price target on shares of Barclays PLC in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 219.47 ($2.89).
Barclays PLC (LON:BARC) opened at GBX 179.80 ($2.36) on Monday. Barclays PLC has a 1-year low of GBX 175.46 ($2.31) and a 1-year high of GBX 267.32 ($3.52).
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In other news, insider Ian Cheshire acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average price of GBX 183 ($2.41) per share, with a total value of £54,900 ($72,208.34). Also, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of GBX 192 ($2.53) per share, for a total transaction of £19,200 ($25,253.19). Over the last 90 days, insiders have acquired 114,869 shares of company stock worth $21,784,848.
Barclays PLC Company Profile
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