Trading Report: Today, Goldman Sachs Group Inc. Increases Barclays PLC (BARC) Price Target to GBX 200

Today, Goldman Sachs Group Inc. Increases Barclays PLC (BARC) Price Target to GBX 200

Barclays PLC (LON:BARC) had its target price hoisted by investment analysts at Goldman Sachs Group Inc. from GBX 190 ($2.36) to GBX 200 ($2.48) in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target suggests a potential downside of 6.99% from the company’s previous close.

Several other equities analysts have also commented on the company. Macquarie reiterated an “outperform” rating and issued a GBX 200 ($2.48) target price on shares of Barclays PLC in a research note on Monday, August 8th. S&P Global Inc. set a GBX 165 ($2.05) target price on Barclays PLC and gave the company a “neutral” rating in a research note on Friday, July 29th. Investec upgraded Barclays PLC to a “buy” rating and upped their target price for the company from GBX 195 ($2.42) to GBX 200 ($2.48) in a research note on Wednesday, October 19th. BNP Paribas reiterated an “outperform” rating and issued a GBX 230 ($2.85) target price on shares of Barclays PLC in a research note on Friday, November 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Barclays PLC presently has an average rating of “Hold” and a consensus price target of GBX 207.81 ($2.58).

Barclays PLC (LON:BARC) opened at 211.90 on Friday. The stock has a 50 day moving average price of GBX 191.62 and a 200 day moving average price of GBX 170.28. The stock’s market cap is GBX 50.53 billion. Barclays PLC has a 52 week low of GBX 121.10 and a 52 week high of GBX 238.10.

In related news, insider Tristram Roberts sold 150,931 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.53), for a total transaction of £307,899.24 ($381,961.59).

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