Barclays PLC (BARC) Receives Consensus Rating of “Hold” from Brokerages

Barclays PLC (LON:BARC) has earned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 219.69 ($2.96).

A number of analysts recently weighed in on BARC shares. Goldman Sachs Group reiterated a “sell” rating on shares of Barclays in a research note on Wednesday, September 6th. Deutsche Bank increased their price target on shares of Barclays from GBX 229 ($3.08) to GBX 231 ($3.11) and gave the stock a “buy” rating in a research note on Monday, September 4th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 230 ($3.10) price target on shares of Barclays in a research note on Thursday, November 16th. UBS set a GBX 235 ($3.16) price target on shares of Barclays and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, reiterated a “buy” rating and set a GBX 240 ($3.23) price target on shares of Barclays in a research note on Wednesday, November 8th.

Shares of Barclays (LON BARC) opened at GBX 191.38 ($2.58) on Thursday. Barclays has a one year low of GBX 177.30 ($2.39) and a one year high of GBX 244.40 ($3.29).

In other news, insider Ian Cheshire acquired 30,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were bought at an average price of GBX 183 ($2.46) per share, for a total transaction of £54,900 ($73,889.64). Also, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average price of GBX 192 ($2.58) per share, for a total transaction of £19,200 ($25,841.18). Over the last ninety days, insiders have acquired 114,869 shares of company stock worth $21,784,848.

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Analyst Recommendations for Barclays (LON:BARC)

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