Barclays PLC (LON:BARC) Receives “Buy” Rating from HSBC Holdings plc

Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by analysts at HSBC Holdings plc in a research note issued on Wednesday, July 12th. They currently have a GBX 250 ($3.26) price target on the financial services provider’s stock. HSBC Holdings plc’s target price would suggest a potential upside of 21.92% from the company’s previous close.

Other research analysts have also issued research reports about the company. Deutsche Bank AG set a GBX 267 ($3.49) price objective on Barclays PLC and gave the stock a “buy” rating in a report on Monday, April 10th. Morgan Stanley set a GBX 280 ($3.66) price objective on Barclays PLC and gave the stock a “buy” rating in a report on Thursday, April 20th. S&P Global set a GBX 250 ($3.26) price objective on Barclays PLC and gave the stock a “buy” rating in a report on Friday, April 28th. Beaufort Securities reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Tuesday, May 2nd. Finally, UBS AG set a GBX 235 ($3.07) target price on Barclays PLC and gave the stock a “buy” rating in a research note on Saturday, May 20th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Barclays PLC presently has an average rating of “Hold” and an average target price of GBX 227 ($2.96).

Barclays PLC (BARC) opened at 205.05 on Wednesday. Barclays PLC has a one year low of GBX 145.25 and a one year high of GBX 267.32. The company has a 50-day moving average of GBX 205.68 and a 200 day moving average of GBX 218.55. The company’s market cap is GBX 34.70 billion.

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

About Barclays PLC

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