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.
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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