Societe Generale Reiterates “Buy” Rating for Barclays PLC (BARC)

Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by investment analysts at Societe Generale in a research report issued to clients and investors on Monday.

Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Barclays PLC in a research note on Wednesday, September 6th. UBS AG set a GBX 235 ($3.03) price objective on Barclays PLC and gave the stock a “buy” rating in a research note on Monday, September 4th. Deutsche Bank AG raised their price objective on Barclays PLC from GBX 229 ($2.96) to GBX 231 ($2.98) and gave the stock a “buy” rating in a research note on Monday, September 4th. HSBC Holdings plc set a GBX 250 ($3.23) price objective on Barclays PLC and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co set a GBX 240 ($3.10) price objective on Barclays PLC and gave the stock a “buy” rating in a research note on Thursday, August 10th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 226.83 ($2.93).

Barclays PLC (LON BARC) opened at 191.50 on Monday. The stock has a 50 day moving average of GBX 198.29 and a 200-day moving average of GBX 209.89. The firm’s market capitalization is GBX 32.66 billion. Barclays PLC has a one year low of GBX 155.95 and a one year high of GBX 267.32.

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In related news, insider Tim J. Breedon purchased 3,224 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of GBX 202 ($2.61) per share, with a total value of £6,512.48 ($8,410.80).

Barclays PLC Company Profile

Analyst Recommendations for Barclays PLC (LON:BARC)

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