Barclays PLC’s (BARC) “Buy” Rating Reiterated at Investec
Investec reissued their buy rating on shares of Barclays PLC (LON:BARC) in a research note released on Friday morning. They currently have a GBX 245 ($3.23) price target on the financial services provider’s stock.
A number of other research firms have also recently issued reports on BARC. Jefferies Group LLC reissued a hold rating and set a GBX 232 ($3.06) price objective on shares of Barclays PLC in a research report on Monday, June 12th. Shore Capital reissued a buy rating on shares of Barclays PLC in a research report on Friday. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 180 ($2.37) price objective on shares of Barclays PLC in a research report on Wednesday, June 28th. BNP Paribas reissued an outperform rating and set a GBX 240 ($3.17) price objective on shares of Barclays PLC in a research report on Wednesday, July 19th. Finally, Morgan Stanley set a GBX 250 ($3.30) price objective on shares of Barclays PLC and gave the stock a buy rating in a research report on Monday, July 17th. Four investment 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. The stock has a consensus rating of Hold and a consensus target price of GBX 226.72 ($2.99).
Shares of Barclays PLC (LON:BARC) opened at 205.80 on Friday. The company’s market capitalization is GBX 35.10 billion. Barclays PLC has a one year low of GBX 145.25 and a one year high of GBX 267.32. The stock has a 50 day moving average price of GBX 205.28 and a 200-day moving average price of GBX 217.16.
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The business also recently declared a dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.48%.
About Barclays PLC
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