Barclays PLC (LON:BARC) shot up 0% during mid-day trading on Tuesday . The stock traded as high as GBX 200.25 ($2.72) and last traded at GBX 199.40 ($2.70). 42,140,000 shares traded hands during trading, an increase of 26% from the average session volume of 33,450,000 shares. The stock had previously closed at GBX 199.40 ($2.70).
Several brokerages have recently issued reports on BARC. Goldman Sachs Group set a GBX 175 ($2.37) price objective on shares of Barclays and gave the stock a “sell” rating in a research report on Wednesday. Morgan Stanley downgraded shares of Barclays to an “equal weight” rating and lowered their price objective for the stock from GBX 230 ($3.12) to GBX 215 ($2.92) in a research report on Wednesday, January 10th. Royal Bank of Canada set a GBX 215 ($2.92) price objective on shares of Barclays and gave the stock a “neutral” rating in a research report on Monday, December 18th. Jefferies Group set a GBX 205 ($2.78) price objective on shares of Barclays and gave the stock a “neutral” rating in a research report on Friday, December 8th. Finally, Citigroup reaffirmed a “sell” rating on shares of Barclays in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 218.16 ($2.96).
The company has a market capitalization of $33,870.00 and a PE ratio of 1,814.91.
In other Barclays news, insider Ian Cheshire bought 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 ($2.48) per share, with a total value of £54,900 ($74,450.77).
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Barclays Company Profile
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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