Barclays PLC (LON:BARC) had its target price dropped by equities researchers at HSBC from GBX 315 ($4.53) to GBX 230 ($3.31) in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price suggests a potential upside of 38.89% from the stock’s previous close.

In related news, insider Staley,James E acquired 43,392 shares of the firm’s stock in a transaction on Tuesday, December 15th. The stock was bought at an average cost of GBX 221 ($3.18) per share, with a total value of £95,896.32 ($137,960.47).

A number of other research analysts have also issued reports on the stock. Deutsche Bank reiterated a “buy” rating and set a GBX 303 ($4.36) price target on shares of Barclays PLC in a research note on Monday. Goldman Sachs reiterated a “conviction-buy” rating and set a GBX 320 ($4.60) price target on shares of Barclays PLC in a research note on Monday. Grupo Santander reiterated a “buy” rating and set a GBX 295 ($4.24) price target on shares of Barclays PLC in a research note on Tuesday, January 26th. Morgan Stanley set a GBX 225 ($3.24) price target on shares of Barclays PLC and gave the stock a “neutral” rating in a research note on Friday, January 22nd. Finally, Investec dropped their price target on shares of Barclays PLC from GBX 270 ($3.88) to GBX 260 ($3.74) and set a “buy” rating on the stock in a research note on Friday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Barclays PLC has an average rating of “Buy” and an average target price of GBX 282.36 ($4.06).

Shares of Barclays PLC (LON:BARC) opened at 172.500 on Monday. The stock’s market cap is GBX 37.03 billion. The firm has a 50 day moving average price of GBX 200.11 and a 200 day moving average price of GBX 238.70. Barclays PLC has a 12-month low of GBX 167.70 and a 12-month high of GBX 289.90.

Barclays PLC (LON:BARC) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays.

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