UBS AG Reiterates “GBX 220” Price Target for Barclays PLC (BARC)

UBS AG set a GBX 220 ($2.89) price objective on Barclays PLC (LON:BARC) in a research report sent to investors on Tuesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms have also issued reports on BARC. Shore Capital reissued a buy rating on shares of Barclays PLC in a research report on Friday, July 28th. The Goldman Sachs Group, Inc. set a GBX 180 ($2.37) price objective on shares of Barclays PLC and gave the stock a sell rating in a report on Friday, October 27th. BNP Paribas reaffirmed an outperform rating and set a GBX 240 ($3.16) price objective on shares of Barclays PLC in a report on Wednesday, July 19th. Morgan Stanley set a GBX 250 ($3.29) price objective on shares of Barclays PLC and gave the stock a buy rating in a report on Monday, July 17th. Finally, reaffirmed a buy rating and set a GBX 240 ($3.16) price objective on shares of Barclays PLC in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Barclays PLC currently has an average rating of Hold and an average price target of GBX 217.12 ($2.86).

Barclays PLC (BARC) traded down GBX 0.60 ($0.01) during trading hours on Tuesday, reaching GBX 184.85 ($2.43). 50,397,547 shares of the company traded hands, compared to its average volume of 50,800,000. Barclays PLC has a 52-week low of GBX 177.30 ($2.33) and a 52-week high of GBX 267.32 ($3.52).

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In related news, insider Ian Cheshire acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,208.34). Also, insider Matthew Lester acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of GBX 192 ($2.53) per share, with a total value of £19,200 ($25,253.19). Over the last three months, insiders have purchased 114,869 shares of company stock worth $21,784,848.

Barclays PLC Company Profile

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