Barclays PLC (BARC) Now Covered by Analysts at Credit Suisse Group AG
Credit Suisse Group AG initiated coverage on shares of Barclays PLC (LON:BARC) in a research report report published on Tuesday morning. The firm issued an outperform rating and a GBX 260 ($3.23) target price on the financial services provider’s stock.
Several other analysts have also recently issued reports on the stock. HSBC upped their target price on shares of Barclays PLC from GBX 190 ($2.36) to GBX 250 ($3.10) and gave the company a buy rating in a research report on Tuesday. Goldman Sachs Group Inc. increased their price objective on shares of Barclays PLC from GBX 190 ($2.36) to GBX 200 ($2.48) and gave the stock a neutral rating in a research report on Friday, November 25th. Deutsche Bank AG reissued a hold rating and issued a GBX 198 ($2.46) price objective on shares of Barclays PLC in a research report on Thursday, November 24th. BNP Paribas reissued an outperform rating and issued a GBX 230 ($2.85) price objective on shares of Barclays PLC in a research report on Friday, November 18th. Finally, Macquarie reissued an outperform rating and issued a GBX 230 ($2.85) price objective on shares of Barclays PLC in a research report on Thursday, November 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 207.81 ($2.58).
Barclays PLC (LON:BARC) opened at 214.60 on Tuesday. The stock’s market capitalization is GBX 51.17 billion. The stock’s 50 day moving average is GBX 191.62 and its 200 day moving average is GBX 170.28. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 238.10.
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In other Barclays PLC news, insider Tristram Roberts sold 150,931 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of GBX 204 ($2.53), for a total value of £307,899.24 ($381,961.59).
About Barclays PLC
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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