Barclays PLC (BARC) Upgraded to Buy at HSBC

HSBC upgraded shares of Barclays PLC (LON:BARC) to a buy rating in a report issued on Wednesday. The brokerage currently has GBX 190 ($2.48) price target on the financial services provider’s stock, up from their prior price target of GBX 150 ($1.96).

A number of other equities analysts have also recently commented on BARC. Deutsche Bank AG dropped their target price on Barclays PLC from GBX 180 ($2.35) to GBX 175 ($2.28) and set a hold rating for the company in a report on Tuesday, May 24th. BNP Paribas upgraded Barclays PLC to an outperform rating and set a GBX 220 ($2.87) target price for the company in a report on Thursday, May 26th. Goldman Sachs Group Inc. reiterated a conviction-buy rating and issued a GBX 265 ($3.46) target price on shares of Barclays PLC in a report on Wednesday, June 1st. Independent Research GmbH set a GBX 130 ($1.70) target price on Barclays PLC and gave the stock a sell rating in a report on Friday, June 24th. Finally, Jefferies Group cut Barclays PLC to an underperform rating and dropped their target price for the stock from GBX 287 ($3.75) to GBX 115 ($1.50) in a report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 197.44 ($2.58).

Analyst Recommendations for Barclays PLC (LON:BARC)

Shares of Barclays PLC (LON:BARC) opened at 168.10 on Wednesday. The company has a 50-day moving average price of GBX 167.08 and a 200 day moving average price of GBX 162.13. Barclays PLC has a 52 week low of GBX 121.10 and a 52 week high of GBX 259.50. The stock’s market capitalization is GBX 23.25 billion.

The company also recently declared a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 0.65%.

About Barclays PLC

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.

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