Barclays PLC (BARC) PT Set at GBX 240 by Societe Generale

Barclays PLC (LON:BARC) has been assigned a GBX 240 ($3.17) price target by stock analysts at Societe Generale in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Societe Generale’s price objective suggests a potential upside of 30.58% from the company’s current price.

A number of other analysts have also recently weighed in on BARC. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 234 ($3.09) price target on shares of Barclays PLC in a research report on Wednesday, July 5th. Macquarie reiterated an “underperform” rating and issued a GBX 180 ($2.38) price target on shares of Barclays PLC in a research report on Wednesday, July 5th. Credit Suisse Group restated an “outperform” rating and set a GBX 250 ($3.30) target price on shares of Barclays PLC in a report on Thursday, July 6th. HSBC Holdings plc restated a “buy” rating and set a GBX 250 ($3.30) target price on shares of Barclays PLC in a report on Wednesday, July 12th. Finally, Morgan Stanley set a GBX 250 ($3.30) target price on Barclays PLC and gave the stock a “buy” rating in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 221.29 ($2.92).

Barclays PLC (LON BARC) opened at 183.80 on Monday. The firm’s market cap is GBX 31.35 billion. Barclays PLC has a one year low of GBX 175.46 and a one year high of GBX 267.32. The stock’s 50 day moving average is GBX 190.40 and its 200 day moving average is GBX 202.04.

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In other Barclays PLC news, insider Tristram Roberts purchased 74,869 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were bought at an average price of GBX 192 ($2.53) per share, with a total value of £143,748.48 ($189,691.84). Also, insider Ian Cheshire purchased 30,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were acquired at an average cost of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,446.56). In the last ninety days, insiders have bought 114,869 shares of company stock worth $21,784,848.

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