Barclays PLC’s (BARC) Sell Rating Reaffirmed at Berenberg Bank

Barclays PLC (LON:BARC)‘s stock had its “sell” rating restated by analysts at Berenberg Bank in a report issued on Monday, August 7th. They currently have a GBX 200 ($2.60) price target on the financial services provider’s stock. Berenberg Bank’s price target points to a potential upside of 2.22% from the stock’s current price.

BARC has been the subject of a number of other reports. Deutsche Bank AG set a GBX 267 ($3.47) price objective on shares of Barclays PLC and gave the stock a “buy” rating in a report on Monday, April 10th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Barclays PLC to GBX 180 ($2.34) and gave the stock a “sell” rating in a report on Thursday, June 22nd. Credit Suisse Group restated an “outperform” rating and issued a GBX 260 ($3.38) price objective on shares of Barclays PLC in a report on Thursday, April 20th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 225 ($2.92) price objective on shares of Barclays PLC in a report on Tuesday, May 23rd. Finally, UBS AG set a GBX 235 ($3.05) price objective on shares of Barclays PLC and gave the stock a “buy” rating in a report on Wednesday, June 7th. Four 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. The stock currently has a consensus rating of “Hold” and an average price target of GBX 226.72 ($2.94).

Shares of Barclays PLC (LON:BARC) opened at 195.65 on Monday. The company’s 50 day moving average price is GBX 206.00 and its 200-day moving average price is GBX 214.94. The stock’s market capitalization is GBX 33.37 billion. Barclays PLC has a 12 month low of GBX 155.95 and a 12 month high of GBX 267.32.

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In related news, insider Tim J. Breedon acquired 3,224 shares of the company’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of GBX 202 ($2.62) per share, with a total value of £6,512.48 ($8,454.47).

Barclays PLC Company Profile