Barclays PLC (BARC) Stock Rating Upgraded by Bank of America Corporation
Barclays PLC (LON:BARC) was upgraded by stock analysts at Bank of America Corporation to a “buy” rating in a research report issued on Monday. The firm currently has a GBX 220 ($2.89) price objective on the financial services provider’s stock, up from their previous price objective of GBX 180 ($2.37). Bank of America Corporation’s price target indicates a potential upside of 16.28% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Berenberg Bank reiterated a “sell” rating and issued a GBX 200 ($2.63) price target on shares of Barclays PLC in a research report on Monday, August 7th. J P Morgan Chase & Co set a GBX 240 ($3.16) price target on shares of Barclays PLC and gave the company a “buy” rating in a research report on Thursday, August 10th. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research report on Friday, July 28th. Investec reiterated a “buy” rating and issued a GBX 245 ($3.22) price target on shares of Barclays PLC in a research report on Friday, July 28th. Finally, UBS AG set a GBX 235 ($3.09) price target on shares of Barclays PLC and gave the company a “buy” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have issued 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 217.28 ($2.86).
Shares of Barclays PLC (LON:BARC) opened at GBX 189.20 ($2.49) on Monday. Barclays PLC has a 12-month low of GBX 177.30 ($2.33) and a 12-month high of GBX 267.32 ($3.52).
In related news, insider Matthew Lester purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average price of GBX 192 ($2.53) per share, with a total value of £19,200 ($25,253.19). Also, insider Tristram Roberts purchased 74,869 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 192 ($2.53) per share, with a total value of £143,748.48 ($189,068.10). Insiders acquired 114,869 shares of company stock valued at $21,784,848 in the last ninety days.
About Barclays PLC
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.