Goldman Sachs Group, Inc. (The) Reiterates “GBX 170” Price Target for Barclays PLC (BARC)

Barclays PLC (LON:BARC) received a GBX 170 ($2.24) target price from stock analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Monday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential downside of 9.07% from the stock’s previous close.

Several other analysts have also weighed in on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research report on Friday, July 28th. UBS AG set a GBX 235 ($3.09) target price on shares of Barclays PLC and gave the company a “buy” rating in a research report on Friday, July 28th. Investec reiterated a “buy” rating and set a GBX 245 ($3.22) target price on shares of Barclays PLC in a research report on Friday, July 28th. Deutsche Bank AG decreased their target price on shares of Barclays PLC from GBX 230 ($3.03) to GBX 229 ($3.01) and set a “buy” rating on the stock in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 240 ($3.16) target price on shares of Barclays PLC in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Barclays PLC presently has an average rating of “Hold” and a consensus target price of GBX 217.12 ($2.86).

Shares of Barclays PLC (LON BARC) opened at GBX 186.95 ($2.46) on Monday. Barclays PLC has a 12-month low of GBX 177.30 ($2.33) and a 12-month high of GBX 267.32 ($3.52).

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In other news, insider Tristram Roberts bought 74,869 shares of the stock in a transaction on Friday, September 29th. The stock was purchased at an average price of GBX 192 ($2.53) per share, with a total value of £143,748.48 ($189,068.10). Also, insider Ian Cheshire bought 30,000 shares of the stock in a transaction on Friday, October 27th. The stock was purchased at an average cost of GBX 183 ($2.41) per share, with a total value of £54,900 ($72,208.34). Over the last three months, insiders have purchased 114,869 shares of company stock valued at $21,784,848.

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