Barclays PLC (BARC) Upgraded to “Hold” by Berenberg Bank

Berenberg Bank upgraded shares of Barclays PLC (LON:BARC) to a hold rating in a research report sent to investors on Friday. Berenberg Bank currently has GBX 200 ($2.66) price target on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. UBS AG set a GBX 235 ($3.12) price target on shares of Barclays PLC and gave the company a buy rating in a research note on Wednesday, June 28th. Credit Suisse Group restated an outperform rating and set a GBX 250 ($3.32) price target on shares of Barclays PLC in a research note on Friday, June 30th. Citigroup Inc. cut their price target on shares of Barclays PLC from GBX 180 ($2.39) to GBX 160 ($2.13) and set a neutral rating on the stock in a research note on Thursday, July 20th. HSBC Holdings plc restated a buy rating and set a GBX 250 ($3.32) price target on shares of Barclays PLC in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group Inc set a GBX 180 ($2.39) price target on shares of Barclays PLC and gave the company a sell rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 224 ($2.98).

Shares of Barclays PLC (BARC) traded up 1.93% during midday trading on Friday, reaching GBX 195.70. 47,803,754 shares of the company traded hands. The company has a 50 day moving average price of GBX 190.14 and a 200 day moving average price of GBX 202.97. The company’s market capitalization is GBX 33.37 billion. Barclays PLC has a 1-year low of GBX 175.46 and a 1-year high of GBX 267.32.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/barclays-plc-barc-upgraded-to-hold-by-berenberg-

Other research analysts have also issued research reports about the stock. UBS AG set a GBX 235 ($3.12) price target on shares of Barclays PLC and gave the company a buy rating in a research note on Wednesday, June 28th. Credit Suisse Group restated an outperform rating and set a GBX 250 ($3.32) price target on shares of Barclays PLC in a research note on Friday, June 30th. Citigroup Inc. cut their price target on shares of Barclays PLC from GBX 180 ($2.39) to GBX 160 ($2.13) and set a neutral rating on the stock in a research note on Thursday, July 20th. HSBC Holdings plc restated a buy rating and set a GBX 250 ($3.32) price target on shares of Barclays PLC in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group Inc set a GBX 180 ($2.39) price target on shares of Barclays PLC and gave the company a sell rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 224 ($2.98).

Shares of Barclays PLC (BARC) traded up 1.93% during midday trading on Friday, reaching GBX 195.70. 47,803,754 shares of the company traded hands. The company has a 50 day moving average price of GBX 190.14 and a 200 day moving average price of GBX 202.97. The company’s market capitalization is GBX 33.37 billion. Barclays PLC has a 1-year low of GBX 175.46 and a 1-year high of GBX 267.32.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/barclays-plc-barc-upgraded-to-hold-by-berenberg-bank.html.

In related news, insider Tim J. Breedon acquired 3,224 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of GBX 202 ($2.68) per share, with a total value of £6,512.48 ($8,653.31). Also, insider Matthew Lester acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of GBX 192 ($2.55) per share, for a total transaction of £19,200 ($25,511.56). Over 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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