Deutsche Bank AG Trims Barclays PLC (LON:BARC) Target Price to GBX 229

Barclays PLC (LON:BARC) had its price target decreased by equities research analysts at Deutsche Bank AG from GBX 230 ($2.99) to GBX 229 ($2.97) in a report released on Monday, July 31st. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 17.05% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. UBS AG set a GBX 240 ($3.12) target price on Barclays PLC and gave the company a “neutral” rating in a research note on Tuesday, April 18th. HSBC Holdings plc restated a “buy” rating and set a GBX 260 ($3.38) price objective on shares of Barclays PLC in a research note on Thursday, May 18th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 180 ($2.34) price objective on shares of Barclays PLC in a research note on Wednesday, May 17th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 225 ($2.92) price objective on shares of Barclays PLC in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a GBX 232 ($3.01) price objective on shares of Barclays PLC in a research note on Monday, June 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 226.72 ($2.94).

Shares of Barclays PLC (LON BARC) opened at 195.65 on Monday. The stock’s market cap is GBX 33.37 billion. The company’s 50-day moving average price is GBX 206.00 and its 200 day moving average price is GBX 214.94. Barclays PLC has a 1-year low of GBX 155.95 and a 1-year high of GBX 267.32.

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In other news, insider Tim J. Breedon purchased 3,224 shares of the stock in a transaction dated Monday, July 31st. The shares were bought at an average cost of GBX 202 ($2.62) per share, for a total transaction of £6,512.48 ($8,454.47).

About Barclays PLC

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