Jefferies Group Reiterates “Underperform” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “underperform” rating restated by equities research analysts at Jefferies Group in a report issued on Monday. They presently have a GBX 115 ($1.50) price target on the financial services provider’s stock. Jefferies Group’s price target points to a potential downside of 30.91% from the company’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a report on Thursday, June 30th. Societe Generale reissued a “buy” rating and issued a GBX 185 ($2.41) price target on shares of Barclays PLC in a report on Sunday, July 3rd. Citigroup Inc. increased their price target on shares of Barclays PLC from GBX 110 ($1.44) to GBX 130 ($1.70) and gave the company a “sell” rating in a report on Thursday, July 28th. Goldman Sachs Group Inc. set a GBX 175 ($2.28) price target on shares of Barclays PLC and gave the company a “neutral” rating in a report on Tuesday, June 28th. Finally, Investec raised shares of Barclays PLC to a “buy” rating and set a GBX 270 ($3.52) price target on the stock in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 195.84 ($2.56).
Barclays PLC (LON:BARC) opened at 166.45 on Monday. The company’s market cap is GBX 23.02 billion. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 259.50. The stock has a 50 day moving average of GBX 164.22 and a 200-day moving average of GBX 162.19.
The firm also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Staley,James E sold 97,073 shares of Barclays PLC stock in a transaction dated Monday, June 27th. The shares were sold at an average price of GBX 139 ($1.81), for a total transaction 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.
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.