Barclays PLC (BARC) Given a GBX 230 Price Target at Credit Suisse Group
Credit Suisse Group set a GBX 230 ($3.02) price objective on Barclays PLC (LON:BARC) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other research firms also recently commented on BARC. Berenberg Bank reissued a sell rating and issued a GBX 200 ($2.63) target price on shares of Barclays PLC in a research report on Monday, August 7th. J P Morgan Chase & Co set a GBX 240 ($3.16) target price on shares of Barclays PLC and gave the stock a buy rating in a research report on Thursday, August 10th. UBS AG set a GBX 235 ($3.09) target price on shares of Barclays PLC and gave the stock a buy rating in a research report on Friday, July 28th. Investec reissued a buy rating and issued a GBX 245 ($3.22) target price on shares of Barclays PLC in a research report on Friday, July 28th. Finally, Shore Capital reissued a buy rating on shares of Barclays PLC in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 224 ($2.95).
Shares of Barclays PLC (LON:BARC) traded up 1.39% during trading on Wednesday, hitting GBX 193.05. 28,662,289 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 190.28 and its 200-day moving average is GBX 204.33. The stock’s market cap is GBX 32.92 billion. Barclays PLC has a 12-month low of GBX 164.40 and a 12-month high of GBX 267.32.
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The firm also recently declared a dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 10th were issued a GBX 1 ($0.01) dividend. This represents a yield of 0.48%. The ex-dividend date was Thursday, August 10th.
In other Barclays PLC news, insider Matthew Lester purchased 10,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were purchased 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 purchased 3,224 shares of the stock in a transaction on Monday, July 31st. The stock was acquired at an average cost of GBX 202 ($2.66) per share, for a total transaction of £6,512.48 ($8,562.29). Insiders acquired a total of 88,093 shares of company stock worth $16,946,096 in the last three months.
About Barclays PLC
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