Barclays PLC (BARC) Rating Increased to Hold at Berenberg Bank

Barclays PLC (LON:BARC) was upgraded by analysts at Berenberg Bank to a “hold” rating in a research report issued on Friday. The firm presently has a GBX 200 ($2.66) target price on the financial services provider’s stock. Berenberg Bank’s target price suggests a potential upside of 2.20% from the company’s previous close.

A number of other equities research analysts have also weighed in on BARC. UBS AG set a GBX 235 ($3.12) price objective on Barclays PLC and gave the company a “buy” rating in a research note on Wednesday, June 28th. HSBC Holdings plc restated a “buy” rating and set a GBX 250 ($3.32) price objective on shares of Barclays PLC in a research note on Thursday, September 28th. Credit Suisse Group set a GBX 230 ($3.06) price objective on Barclays PLC and gave the company a “buy” rating in a research note on Wednesday, October 11th. Morgan Stanley set a GBX 250 ($3.32) price objective on Barclays PLC and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Citigroup Inc. restated a “sell” rating and set a GBX 170 ($2.26) price objective on shares of Barclays PLC in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 224 ($2.98).

Shares of Barclays PLC (BARC) opened at 195.70 on Friday. The company’s 50-day moving average price is GBX 190.14 and its 200 day moving average price is GBX 202.97. The stock’s market cap is GBX 33.37 billion. Barclays PLC has a 1-year low of GBX 175.46 and a 1-year high of GBX 267.32.

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In other Barclays PLC news, insider Tristram Roberts bought 74,869 shares of the business’s stock in a transaction on Friday, September 29th. The shares were purchased at an average price of GBX 192 ($2.55) per share, with a total value of £143,748.48 ($191,002.50). Also, insider Tim J. Breedon bought 3,224 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of GBX 202 ($2.68) per share, for a total transaction of £6,512.48 ($8,653.31). Insiders have acquired a total of 88,093 shares of company stock worth $16,946,096 in the last ninety days.

Barclays PLC Company Profile

Analyst Recommendations for Barclays PLC (LON:BARC)

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