Barclays PLC’s (BARC) Buy Rating Reiterated at Deutsche Bank AG
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 231 ($3.11) target price on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 21.77% from the stock’s previous close.
BARC has been the subject of several other reports. Goldman Sachs Group Inc raised their target price on shares of Barclays PLC to GBX 180 ($2.42) and gave the stock a “sell” rating in a report on Thursday, June 22nd. HSBC Holdings plc set a GBX 250 ($3.36) target price on shares of Barclays PLC and gave the stock a “buy” rating in a report on Friday, August 11th. Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a report on Monday, September 11th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 240 ($3.23) target price on shares of Barclays PLC in a report on Thursday, July 20th. Finally, UBS AG set a GBX 235 ($3.16) target price on shares of Barclays PLC and gave the stock a “buy” rating in a report on Wednesday, June 7th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Barclays PLC presently has a consensus rating of “Hold” and an average target price of GBX 226.56 ($3.05).
Barclays PLC (LON:BARC) opened at 189.70 on Tuesday. The firm’s market cap is GBX 32.35 billion. The stock has a 50 day moving average of GBX 195.88 and a 200-day moving average of GBX 208.63. Barclays PLC has a 52-week low of GBX 155.95 and a 52-week high of GBX 267.32.
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In other Barclays PLC news, insider Tim J. Breedon purchased 3,224 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of GBX 202 ($2.72) per share, for a total transaction of £6,512.48 ($8,758.04). Also, insider Matthew Lester purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price of GBX 192 ($2.58) per share, for a total transaction of £19,200 ($25,820.33).
About Barclays PLC
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