Trading Report: The BNP Paribas Reiterates “Outperform” Rating for Barclays PLC (BARC)

The BNP Paribas Reiterates “Outperform” Rating for Barclays PLC (BARC)

Barclays PLC (LON:BARC)‘s stock had its “outperform” rating reaffirmed by research analysts at BNP Paribas in a research note issued on Tuesday. They presently have a GBX 205 ($2.68) price target on the financial services provider’s stock. BNP Paribas’ price target suggests a potential upside of 18.09% from the stock’s previous close.

BARC has been the subject of several other reports. Deutsche Bank AG dropped their target price on shares of Barclays PLC from GBX 175 ($2.28) to GBX 160 ($2.09) and set a ” hold” rating for the company in a research report on Monday, June 27th. Citigroup Inc. reiterated a ” sell” rating and set a GBX 135 ($1.76) target price on shares of Barclays PLC in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. lowered shares of Barclays PLC to a ” underperform” rating and dropped their target price for the company from GBX 287 ($3.75) to GBX 115 ($1.50) in a research report on Monday, June 27th. Societe Generale reiterated a “buy” rating and set a GBX 185 ($2.41) target price on shares of Barclays PLC in a research report on Monday, June 27th. Finally, Macquarie set a GBX 175 ($2.28) target price on shares of Barclays PLC and gave the company a “buy” rating in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given 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).

Barclays PLC (LON:BARC) traded down 0.37% during midday trading on Tuesday, hitting GBX 173.60. 57,570,445 shares of the stock traded hands. The company’s market capitalization is GBX 24.01 billion. Barclays PLC has a 52 week low of GBX 121.10 and a 52 week high of GBX 259.50. The stock’s 50-day moving average price is GBX 168.84 and its 200 day moving average price is GBX 162.56.

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The business also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 11th.

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