Deutsche Bank AG Reaffirms Buy Rating for Barclays PLC (BARC)

Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They presently have a GBX 231 ($3.11) price target on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 23.23% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. HSBC Holdings plc restated a “buy” rating and issued a GBX 250 ($3.37) target price on shares of Barclays PLC in a report on Thursday, June 8th. UBS AG set a GBX 235 ($3.17) target price on shares of Barclays PLC and gave the stock a “buy” rating in a report on Wednesday, June 7th. Investec restated a “buy” rating and issued a GBX 245 ($3.30) target price on shares of Barclays PLC in a report on Thursday, June 1st. Credit Suisse Group set a GBX 250 ($3.37) target price on shares of Barclays PLC and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Morgan Stanley set a GBX 250 ($3.37) target price on shares of Barclays PLC and gave the stock a “buy” rating in a report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Barclays PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 226.56 ($3.05).

Shares of Barclays PLC (LON:BARC) opened at 187.45 on Tuesday. The company’s market cap is GBX 31.97 billion. Barclays PLC has a 12-month low of GBX 155.95 and a 12-month high of GBX 267.32. The company has a 50 day moving average of GBX 196.09 and a 200-day moving average of GBX 208.92.

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In related news, insider Matthew Lester bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of GBX 192 ($2.59) per share, with a total value of £19,200 ($25,886.48). Also, insider Tim J. Breedon bought 3,224 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of GBX 202 ($2.72) per share, with a total value of £6,512.48 ($8,780.48).

Barclays PLC Company Profile

Analyst Recommendations for Barclays PLC (LON:BARC)

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