Barclays PLC (BARC) Rating Reiterated by Berenberg Bank

Barclays PLC (LON:BARC)‘s stock had its “sell” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Monday. They presently have a GBX 200 ($2.60) price target on the financial services provider’s stock. Berenberg Bank’s price objective would indicate a potential downside of 4.92% from the stock’s previous close.

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Several other research firms also recently issued reports on BARC. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 232 ($3.02) price target on shares of Barclays PLC in a research note on Monday, June 12th. Shore Capital reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 180 ($2.34) price target on shares of Barclays PLC in a research note on Wednesday, June 28th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 240 ($3.13) price target on shares of Barclays PLC in a research note on Wednesday, July 19th. Finally, Investec reaffirmed a “buy” rating and set a GBX 245 ($3.19) price target on shares of Barclays PLC in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Barclays PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 226.72 ($2.95).

Shares of Barclays PLC (BARC) opened at 209.00 on Monday. The company has a 50 day moving average of GBX 206.00 and a 200-day moving average of GBX 216.33. Barclays PLC has a one year low of GBX 155.95 and a one year high of GBX 267.32. The stock’s market cap is GBX 35.64 billion.

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In other news, insider Tim J. Breedon acquired 3,224 shares of Barclays PLC stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of GBX 202 ($2.63) per share, with a total value of £6,512.48 ($8,480.90).

About Barclays PLC