Barclays PLC (BARC) Receives “Buy” Rating from HSBC Holdings plc
HSBC Holdings plc reissued their buy rating on shares of Barclays PLC (LON:BARC) in a report released on Monday. The brokerage currently has a GBX 250 ($3.37) price target on the financial services provider’s stock.
BARC has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) raised their target price on shares of Barclays PLC to GBX 180 ($2.43) and gave the company a sell rating in a research note on Thursday, June 22nd. Societe Generale reiterated a buy rating on shares of Barclays PLC in a research note on Monday, September 11th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 225 ($3.03) target price on shares of Barclays PLC in a research note on Tuesday, May 23rd. UBS AG set a GBX 235 ($3.17) target price on shares of Barclays PLC and gave the company a buy rating in a research note on Wednesday, June 7th. Finally, Morgan Stanley set a GBX 250 ($3.37) target price on shares of Barclays PLC and gave the company a buy rating in a research note on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Barclays PLC currently has a consensus rating of Hold and a consensus target price of GBX 226.56 ($3.05).
Shares of Barclays PLC (BARC) opened at 187.10 on Monday. The stock has a 50 day moving average of GBX 196.09 and a 200-day moving average of GBX 208.92. The firm’s market cap is GBX 31.91 billion. Barclays PLC has a 52 week low of GBX 155.95 and a 52 week high of GBX 267.32.
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The company also recently declared a dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 10th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.48%. The ex-dividend date was Thursday, August 10th.
In related news, insider Matthew Lester bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of GBX 192 ($2.59) per share, with a total value of £19,200 ($25,886.48). Also, insider Tim J. Breedon bought 3,224 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of GBX 202 ($2.72) per share, with a total value of £6,512.48 ($8,780.48).
About Barclays PLC
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