Barclays PLC (LON:BARC) has been assigned a GBX 220 ($2.89) price target by investment analysts at UBS AG in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS AG’s price objective suggests a potential upside of 22.56% from the stock’s previous close.
A number of other research analysts have also weighed in on BARC. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Wednesday, September 6th. Deutsche Bank AG raised their price target on shares of Barclays PLC from GBX 229 ($3.01) to GBX 231 ($3.04) and gave the company a “buy” rating in a research note on Monday, September 4th. Credit Suisse Group set a GBX 230 ($3.03) price target on shares of Barclays PLC and gave the company a “buy” rating in a research note on Wednesday, October 11th. BNP Paribas set a GBX 215 ($2.83) price target on shares of Barclays PLC and gave the company a “neutral” rating in a research note on Thursday, October 5th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 240 ($3.16) price target on shares of Barclays PLC in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 217.12 ($2.86).
Shares of Barclays PLC (LON BARC) opened at GBX 179.50 ($2.36) on Tuesday. 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 related news, insider Ian Cheshire bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,208.34). Also, insider Tristram Roberts bought 74,869 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of GBX 192 ($2.53) per share, with a total value of £143,748.48 ($189,068.10). Insiders purchased a total of 114,869 shares of company stock valued at $21,784,848 in the last quarter.
About Barclays PLC
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