Barclays PLC (LON:BARC) was upgraded by equities researchers at BNP Paribas to an "outperform" rating in a report issued on Monday, MarketBeat.com reports. The firm currently has a GBX 205 ($2.71) price objective on the financial services provider's stock. BNP Paribas' price target would indicate a potential upside of 34.79% from the stock's current price.
In other Barclays PLC news, insider Staley James sold 97,073 shares of the company's stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of GBX 139 ($1.84), for a total transaction of ?134,931.47 ($178,174.40).
Barclays PLC opened at 157.40 on Monday. The company's market capitalization is GBX 21.77 billion. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 283.20. The company has a 50-day moving average price of GBX 149.94 and a 200 day moving average price of GBX 163.08.
The company also recently announced a dividend, which will be paid on Monday, September 19th. Shareholders of record on Thursday, August 11th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 0.65%.
A number of other research firms have also weighed in on BARC. JPMorgan Chase & Co restated an "overweight" rating and issued a GBX 230 ($3.04) target price on shares of Barclays PLC in a report on Thursday, April 28th. Macquarie restated an "outperform" rating and issued a GBX 230 ($3.04) target price on shares of Barclays PLC in a report on Tuesday, May 3rd.
Jefferies Group lowered Barclays PLC to an "underperform" rating and dropped their target price for the company from GBX 287 ($3.79) to GBX 115 ($1.52) in a report on Monday, June 27th. Deutsche Bank AG restated a "hold" rating on shares of Barclays PLC in a report on Sunday, April 10th. Finally, HSBC set a GBX 150 ($1.98) price target on Barclays PLC and gave the stock a "neutral" rating in a report on Wednesday, July 13th.
Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of "Hold" and a consensus price target of GBX 193 ($2.55).
Company
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company's segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.