Barclays PLC (LON:BARC) PT Set at GBX 180 by Goldman Sachs Group, Inc. (The)

Barclays PLC (LON:BARC) has been assigned a GBX 180 ($2.37) price target by equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Friday, October 27th. The brokerage currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 0.47% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 240 ($3.16) target price on shares of Barclays PLC in a research report on Thursday, July 20th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 240 ($3.16) price objective on shares of Barclays PLC in a research report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 250 ($3.29) price objective on shares of Barclays PLC in a research report on Friday, June 30th. Citigroup Inc. reaffirmed a “sell” rating on shares of Barclays PLC in a research report on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 234 ($3.08) price objective on shares of Barclays PLC in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 217.12 ($2.86).

Shares of Barclays PLC (LON:BARC) traded down GBX 0.30 ($0.00) during midday trading on Friday, reaching GBX 179.15 ($2.36). 56,936,029 shares of the company were exchanged, compared to its average volume of 45,960,000. Barclays PLC has a 1-year low of GBX 178.40 ($2.35) and a 1-year high of GBX 267.32 ($3.52).

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In related news, insider Matthew Lester bought 10,000 shares of Barclays PLC stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of GBX 192 ($2.53) per share, with a total value of £19,200 ($25,253.19). Also, insider Ian Cheshire bought 30,000 shares of Barclays PLC stock in a transaction on Friday, October 27th. The shares were bought at an average cost of GBX 183 ($2.41) per share, with a total value of £54,900 ($72,208.34). Insiders purchased a total of 114,869 shares of company stock worth $21,784,848 over the last 90 days.

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