Societe Generale Reiterates Buy Rating for Barclays PLC (BARC)

Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by stock analysts at Societe Generale in a research report issued on Monday.

Other equities analysts have also recently issued reports about the company. UBS AG set a GBX 235 ($3.10) target price on Barclays PLC and gave the company a “buy” rating in a report on Wednesday, June 28th. 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 Friday, June 30th. Citigroup Inc. lowered their target price on Barclays PLC from GBX 180 ($2.38) to GBX 160 ($2.11) and set a “neutral” rating for the company in a report on Thursday, July 20th. 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, Goldman Sachs Group, Inc. (The) set a GBX 180 ($2.38) target price on Barclays PLC and gave the company a “sell” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 223.17 ($2.94).

Shares of Barclays PLC (LON:BARC) opened at 198.00 on Monday. The stock’s market capitalization is GBX 33.77 billion. The company has a 50-day moving average of GBX 190.42 and a 200-day moving average of GBX 202.44. Barclays PLC has a 1-year low of GBX 175.46 and a 1-year high of GBX 267.32.

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In other news, insider Matthew Lester purchased 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of GBX 192 ($2.53) per share, with a total value of £19,200 ($25,336.50). Also, insider Tristram Roberts purchased 74,869 shares of the business’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of GBX 192 ($2.53) per share, for a total transaction of £143,748.48 ($189,691.84). In the last ninety days, insiders have acquired 88,093 shares of company stock worth $16,946,096.

Barclays PLC Company Profile

Analyst Recommendations for Barclays PLC (LON:BARC)

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