Jefferies Group Reiterates “Underperform” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “underperform” rating reaffirmed by stock analysts at Jefferies Group in a note issued to investors on Monday. They presently have a GBX 115 ($1.50) price target on the financial services provider’s stock. Jefferies Group’s price target suggests a potential downside of 30.91% from the stock’s current price.
Several other research firms have also recently issued reports on BARC. Independent Research GmbH set a GBX 130 ($1.70) price objective on shares of Barclays PLC and gave the company a “sell” rating in a research report on Friday, June 24th. BNP Paribas upgraded shares of Barclays PLC to an “outperform” rating and set a GBX 220 ($2.87) price objective on the stock in a research report on Thursday, May 26th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 265 ($3.46) price objective on shares of Barclays PLC in a research report on Wednesday, June 1st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 175 ($2.28) price objective on shares of Barclays PLC in a research report on Wednesday, June 22nd. Finally, Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.41) price objective on shares of Barclays PLC in a research report on Friday, September 9th. Three 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 company. Barclays PLC presently has an average rating of “Hold” and a consensus target price of GBX 195.84 ($2.56).
Shares of Barclays PLC (LON:BARC) opened at 166.45 on Monday. The company’s market capitalization is GBX 23.02 billion. The company’s 50-day moving average is GBX 164.22 and its 200-day moving average is GBX 162.19. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 259.50.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were given 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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