Barclays PLC (BARC) Receives “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Barclays PLC (LON:BARC) in a report published on Thursday. Credit Suisse Group currently has a GBX 230 ($3.03) price objective on the financial services provider’s stock.

A number of other brokerages have also weighed in on BARC. Berenberg Bank reissued a sell rating and issued a GBX 200 ($2.63) price target on shares of Barclays PLC in a report on Monday, August 7th. J P Morgan Chase & Co set a GBX 240 ($3.16) price target on shares of Barclays PLC and gave the company a buy rating in a report on Thursday, August 10th. Shore Capital reissued a buy rating on shares of Barclays PLC in a report on Friday, July 28th. Investec reissued a buy rating and issued a GBX 245 ($3.22) price target on shares of Barclays PLC in a report on Friday, July 28th. Finally, UBS AG set a GBX 235 ($3.09) price target on shares of Barclays PLC and gave the company a buy rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Barclays PLC has an average rating of Hold and a consensus target price of GBX 217.12 ($2.86).

Shares of Barclays PLC (BARC) traded down GBX 0.45 ($0.01) during trading on Thursday, hitting GBX 185 ($2.43). 66,355,298 shares of the company were exchanged, compared to its average volume of 50,800,000. Barclays PLC has a fifty-two week low of GBX 177.30 ($2.33) and a fifty-two week high of GBX 267.32 ($3.52).

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In other Barclays PLC news, insider Ian Cheshire purchased 30,000 shares of the stock in a transaction on Friday, October 27th. The shares were purchased at an average cost of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,208.34). Also, insider Matthew Lester purchased 10,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of GBX 192 ($2.53) per share, for a total transaction of £19,200 ($25,253.19). Insiders acquired a total of 114,869 shares of company stock worth $21,784,848 over the last quarter.

About Barclays PLC

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