Barclays PLC (BARC) Stock Rating Upgraded by Bank of America Corporation
Barclays PLC (LON:BARC) was upgraded by equities researchers at Bank of America Corporation to a “buy” rating in a research report issued on Monday. The brokerage currently has a GBX 220 ($2.89) price target on the financial services provider’s stock, up from their prior price target of GBX 180 ($2.37). Bank of America Corporation’s price target would indicate a potential upside of 16.54% from the company’s current price.
A number of other equities analysts also recently issued reports on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research report on Friday, July 28th. 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, July 28th. Investec reiterated a “buy” rating and set a GBX 245 ($3.22) price target on shares of Barclays PLC in a research report on Friday, July 28th. Deutsche Bank AG lowered their price target on Barclays PLC from GBX 230 ($3.03) to GBX 229 ($3.01) and set a “buy” rating on the stock in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 240 ($3.16) price target on shares of Barclays PLC in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 217.28 ($2.86).
Shares of Barclays PLC (BARC) traded up GBX 3.77 ($0.05) during mid-day trading on Monday, reaching GBX 188.77 ($2.48). The company’s stock had a trading volume of 56,381,692 shares, compared to its average volume of 55,440,000. Barclays PLC has a 52 week low of GBX 1.86 ($0.02) and a 52 week high of GBX 267.32 ($3.52).
In other news, insider Matthew Lester purchased 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average cost of GBX 192 ($2.53) per share, for a total transaction of £19,200 ($25,253.19). Also, insider Ian Cheshire purchased 30,000 shares of the stock in a transaction dated Friday, October 27th. The shares were purchased at an average price of GBX 183 ($2.41) per share, with a total value of £54,900 ($72,208.34). Over the last 90 days, insiders have bought 114,869 shares of company stock valued at $21,784,848.
Barclays PLC Company Profile
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