Barclays PLC (BARC) Price Target Raised to GBX 130
Barclays PLC (LON:BARC) had its target price hoisted by equities researchers at Citigroup Inc. from GBX 110 ($1.47) to GBX 130 ($1.73) in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Citigroup Inc.’s price target points to a potential downside of 21.07% from the company’s previous close.
A number of other equities analysts also recently weighed in on BARC. Shore Capital reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Thursday, May 5th. Macquarie reaffirmed an “outperform” rating and set a GBX 230 ($3.06) target price on shares of Barclays PLC in a research note on Tuesday, May 3rd. Deutsche Bank AG decreased their target price on shares of Barclays PLC from GBX 180 ($2.40) to GBX 175 ($2.33) and set a “hold” rating for the company in a research note on Tuesday, May 24th. Morgan Stanley set a GBX 190 ($2.53) target price on shares of Barclays PLC and gave the company a “neutral” rating in a research note on Thursday, April 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 230 ($3.06) target price on shares of Barclays PLC in a research note on Thursday, May 12th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 195.84 ($2.61).
Barclays PLC (LON:BARC) traded down 2.8319% during trading on Thursday, reaching GBX 165.1248. The company had a trading volume of 113,454,519 shares. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 259.50. The firm’s market capitalization is GBX 22.84 billion. The firm’s 50 day moving average price is GBX 163.34 and its 200 day moving average price is GBX 162.19.
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The business also recently declared a dividend, which will be paid on Monday, September 19th. Shareholders of record on Thursday, August 11th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Barclays PLC news, insider Staley,James E sold 97,073 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of GBX 139 ($1.85), for a total value of £134,931.47 ($179,716.93).
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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