Barclays PLC (BARC) Receives Buy Rating from Deutsche Bank
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a research report issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 303 ($4.32) price objective on the financial services provider’s stock. Deutsche Bank’s price target would indicate a potential upside of 62.90% from the company’s current price.
In related news, insider Staley,James E bought 43,392 shares of the company’s stock in a transaction on Tuesday, December 15th. The stock was bought at an average cost of GBX 221 ($3.15) per share, with a total value of £95,896.32 ($136,623.91).
A number of other research firms have also weighed in on BARC. Nomura reaffirmed a “buy” rating and set a GBX 310 ($4.42) price objective on shares of Barclays PLC in a research report on Tuesday, October 13th. RBC Capital cut their price objective on Barclays PLC from GBX 300 ($4.27) to GBX 290 ($4.13) and set a “sector perform” rating on the stock in a research report on Wednesday, October 7th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 325 ($4.63) price objective on shares of Barclays PLC in a research report on Friday, October 9th. Societe Generale reissued a “buy” rating and issued a GBX 320 ($4.56) target price on shares of Barclays PLC in a report on Tuesday, October 20th. Finally, Investec reissued a “buy” rating and issued a GBX 275 ($3.92) target price (down previously from GBX 289 ($4.12)) on shares of Barclays PLC in a report on Wednesday, October 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 283.40 ($4.04).
Barclays PLC (LON:BARC) opened at 183.6500 on Monday. The stock’s market cap is GBX 39.42 billion. The firm’s 50 day moving average price is GBX 203.53 and its 200-day moving average price is GBX 241.21. Barclays PLC has a 1-year low of GBX 175.15 and a 1-year 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. The Personal and Corporate Banking (PCB) comprises personal banking, mortgages, wealth & investment management, and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth, investment management and insurance (WIMI); corporate and investment banking (CIB), as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.
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