Barclays PLC (BARC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Barclays PLC (LON:BARC) have earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 231.24 ($3.02).

BARC has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a GBX 232 ($3.03) target price on shares of Barclays PLC in a research note on Monday, June 12th. Shore Capital restated a “hold” rating on shares of Barclays PLC in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 180 ($2.35) price objective on shares of Barclays PLC in a report on Wednesday, June 28th. Investec reissued a “buy” rating and issued a GBX 245 ($3.20) price target on shares of Barclays PLC in a research note on Tuesday, June 20th. Finally, Morgan Stanley set a GBX 250 ($3.26) price target on shares of Barclays PLC and gave the company a “buy” rating in a research note on Monday.

Barclays PLC (BARC) opened at 206.50 on Tuesday. The stock’s market capitalization is GBX 34.95 billion. Barclays PLC has a 12-month low of GBX 145.25 and a 12-month high of GBX 267.32. The stock has a 50 day moving average price of GBX 207.32 and a 200-day moving average price of GBX 220.53.

In related news, insider Ian Cheshire acquired 50,000 shares of Barclays PLC stock in a transaction on Tuesday, May 2nd. The shares were purchased at an average cost of GBX 210 ($2.74) per share, for a total transaction of £105,000 ($137,111.52).

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Analyst Recommendations for Barclays PLC (LON:BARC)

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