Barclays PLC (BARC) Stock Rating Reaffirmed by HSBC Holdings plc

Barclays PLC (LON:BARC)‘s stock had its “buy” rating reissued by analysts at HSBC Holdings plc in a research report issued on Thursday. They presently have a GBX 260 ($3.36) price target on the financial services provider’s stock. HSBC Holdings plc’s target price indicates a potential upside of 21.67% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Barclays PLC from GBX 215 ($2.78) to GBX 225 ($2.90) and gave the company a ” neutral” rating in a research report on Wednesday, March 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 270 ($3.49) price objective on shares of Barclays PLC in a research report on Monday, February 6th. S&P Global set a GBX 280 ($3.61) price objective on shares of Barclays PLC and gave the company a “buy” rating in a research report on Thursday, February 23rd. Societe Generale reaffirmed a “buy” rating and set a GBX 275 ($3.55) price objective on shares of Barclays PLC in a research report on Friday, February 24th. Finally, Morgan Stanley set a GBX 280 ($3.61) price objective on shares of Barclays PLC and gave the company a “buy” rating in a research report on Thursday, April 20th. Five analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 219.58 ($2.83).

Analyst Recommendations for Barclays PLC (LON:BARC)

Barclays PLC (LON:BARC) opened at 210.571 on Thursday. The firm’s market capitalization is GBX 53.29 billion. Barclays PLC has a 12 month low of GBX 121.10 and a 12 month high of GBX 267.32. The firm’s 50-day moving average is GBX 213.56 and its 200-day moving average is GBX 220.83.

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In other Barclays PLC news, insider Ian Cheshire purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were purchased at an average price of GBX 210 ($2.71) per share, for a total transaction of £105,000 ($135,536.34).

About Barclays PLC

12 Month Chart for LON:BARC

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