Credit Suisse Group Cuts Barclays PLC (BARC) Price Target to GBX 230

Barclays PLC (LON:BARC) had its price target trimmed by Credit Suisse Group from GBX 250 ($3.29) to GBX 230 ($3.02) in a research report released on Tuesday. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. UBS AG set a GBX 235 ($3.09) target price on shares of Barclays PLC and gave the company a buy rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a hold rating and set a GBX 232 ($3.05) target price on shares of Barclays PLC in a report on Monday, June 12th. Citigroup Inc. lowered their price target on shares of Barclays PLC from GBX 180 ($2.37) to GBX 160 ($2.10) and set a neutral rating for the company in a report on Thursday, July 20th. HSBC Holdings plc reiterated a buy rating and set a GBX 250 ($3.29) price target on shares of Barclays PLC in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 180 ($2.37) price target on shares of Barclays PLC and gave the stock a sell rating in a report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 224 ($2.95).

Shares of Barclays PLC (LON BARC) opened at 191.70 on Tuesday. The stock’s market cap is GBX 32.69 billion. The company’s 50-day moving average is GBX 190.27 and its 200 day moving average is GBX 204.25. Barclays PLC has a 52 week low of GBX 164.40 and a 52 week high of GBX 267.32.

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The company also recently announced a dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 10th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 0.48%.

In related news, insider Tristram Roberts purchased 74,869 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average cost of GBX 192 ($2.52) per share, with a total value of £143,748.48 ($188,993.53). Also, insider Tim J. Breedon purchased 3,224 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of GBX 202 ($2.66) per share, for a total transaction of £6,512.48 ($8,562.29). Over the last three months, insiders have bought 88,093 shares of company stock worth $16,946,096.

Barclays PLC Company Profile

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