Today, Barclays PLC (BARC) Price Target Raised to GBX 200

Today, Barclays PLC (BARC) Price Target Raised to GBX 200
Barclays PLC (LON:BARC) had its target price boosted by Goldman Sachs Group Inc. from GBX 190 ($2.37) to GBX 200 ($2.50) in a research report issued on Friday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price suggests a potential downside of 7.17% from the company’s previous close.

A number of other research analysts have also issued reports on BARC. Deutsche Bank AG restated a “hold” rating and set a GBX 198 ($2.47) price target on shares of Barclays PLC in a research note on Thursday. BNP Paribas restated an “outperform” rating and set a GBX 230 ($2.87) price target on shares of Barclays PLC in a research note on Friday, November 18th. HSBC restated a “buy” rating and set a GBX 190 ($2.37) price target on shares of Barclays PLC in a research note on Wednesday. Macquarie restated an “outperform” rating and set a GBX 230 ($2.87) price target on shares of Barclays PLC in a research note on Thursday, November 17th. Finally, Societe Generale restated a “buy” rating and set a GBX 235 ($2.94) price target (up previously from GBX 215 ($2.69)) on shares of Barclays PLC in a research note on Friday, November 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 203.32 ($2.54).

Shares of Barclays PLC (LON:BARC) traded down 0.21% during mid-day trading on Friday, hitting GBX 215.00. 15,326,751 shares of the stock traded hands. The stock’s market cap is GBX 51.27 billion. The firm has a 50 day moving average of GBX 188.95 and a 200 day moving average of GBX 169.50. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 238.10.

In other news, insider Tristram Roberts sold 150,931 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of GBX 204 ($2.55), for a total value of £307,899.24 ($384,681.71).

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