Published On: Fri, Sep 23rd, 2016

Barclays PLC’s (BARC) “Outperform” Rating Reiterated at BNP Paribas

Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reaffirmed by research analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They presently have a GBX 205 ($2.68) price target on the financial services provider’s stock. BNP Paribas’ price objective would suggest a potential upside of 18.36% from the company’s previous close.
Several other equities research analysts also recently issued reports on BARC. JPMorgan Chase & Co. dropped their price objective on Barclays PLC from GBX 180 ($2.35) to GBX 175 ($2.28) and set a “neutral” rating on the stock in a report on Thursday, August 11th. Sanford C. Bernstein set a GBX 110 ($1.44) price target on Barclays PLC and gave the company a “neutral” rating in a report on Wednesday, June 29th. Morgan Stanley set a GBX 155 ($2.02) price target on Barclays PLC and gave the company a “neutral” rating in a report on Wednesday, July 6th. Deutsche Bank AG boosted their price target on Barclays PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the company a “hold” rating in a report on Monday, August 1st. Finally, Macquarie boosted their price target on Barclays PLC from GBX 175 ($2.28) to GBX 200 ($2.61) and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 197.44 ($2.58).

Barclays PLC (LON:BARC) traded up 0.93% on Thursday, reaching GBX 173.20. The company’s stock had a trading volume of 33,596,677 shares. The firm has a 50-day moving average price of GBX 165.50 and a 200 day moving average price of GBX 162.24. The firm’s market capitalization is GBX 23.95 billion. Barclays PLC has a 52-week low of GBX 121.10 and a 52-week high of GBX 259.50.

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The company also recently declared a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 0.65%.
In other Barclays PLC news, insider Staley,James E sold 97,073 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of GBX 139 ($1.81), for a total value of £134,931.47 ($176,127.75).
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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