HSBC upgraded shares of Barclays PLC (LON:BARC) to a buy rating in a research report report published on Wednesday morning. HSBC currently has GBX 190 ($2.48) price objective on the financial services provider’s stock, up from their previous price objective of GBX 150 ($1.96).
BARC has been the topic of several other research reports. Citigroup Inc. reaffirmed a sell rating and set a GBX 150 ($1.96) price target on shares of Barclays PLC in a research report on Wednesday, August 31st. Investec raised shares of Barclays PLC to a buy rating and set a GBX 270 ($3.52) price target on the stock in a research report on Thursday, August 25th. Societe Generale reaffirmed a buy rating and set a GBX 185 ($2.41) price target on shares of Barclays PLC in a research report on Friday, September 9th. Morgan Stanley set a GBX 175 ($2.28) price target on shares of Barclays PLC and gave the company a neutral rating in a research report on Monday, September 12th. Finally, Deutsche Bank AG lifted their price target on shares of Barclays PLC from GBX 170 ($2.22) to GBX 176 ($2.30) and gave the company a hold rating in a research report on Monday, September 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Barclays PLC currently has a consensus rating of Hold and a consensus price target of GBX 197.44 ($2.58).
Shares of Barclays PLC (LON:BARC) opened at 171.2657 on Wednesday. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 259.50. The firm’s 50-day moving average price is GBX 166.12 and its 200 day moving average price is GBX 162.31. The company’s market cap is GBX 23.68 billion.
The company also recently announced a dividend, which was paid on Monday, September 19th. Investors of record on Thursday, August 11th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 0.65%.
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.
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