Barclays PLC’s (BARC) Buy Rating Reaffirmed at Societe Generale
Other research analysts have also issued reports about the stock. J P Morgan Chase & Co set a GBX 240 ($3.10) target price on shares of Barclays PLC and gave the stock a buy rating in a research report on Monday, June 26th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 180 ($2.32) target price on shares of Barclays PLC in a research report on Wednesday, June 28th. HSBC Holdings plc reiterated a buy rating and issued a GBX 260 ($3.36) target price on shares of Barclays PLC in a research report on Thursday, May 18th. Deutsche Bank AG reiterated a buy rating on shares of Barclays PLC in a research report on Wednesday, June 7th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 250 ($3.23) target price on shares of Barclays PLC in a research report on Friday, May 26th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 226.83 ($2.93).
Shares of Barclays PLC (BARC) opened at 192.00 on Monday. The firm’s 50-day moving average price is GBX 198.68 and its 200 day moving average price is GBX 210.27. Barclays PLC has a 1-year low of GBX 155.95 and a 1-year high of GBX 267.32. The company’s market capitalization is GBX 32.74 billion.
Barclays PLC (LON:BARC) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $5.37 by $5.40. Equities analysts predict that Barclays PLC will post $18.41 EPS for the current fiscal year.
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The business also recently declared a dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 10th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.48%. The ex-dividend date is Thursday, August 10th.
In related news, insider Tim J. Breedon purchased 3,224 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of GBX 202 ($2.61) per share, with a total value of £6,512.48 ($8,410.80).
About Barclays PLC
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