Rating Worth Watching: Research Analysts at HSBC Reiterated their “Buy” rating for Barclays PLC (LON:BARC). The Target Price per Share is GBX 250.00

November 28, 2016 - By Ruchi Gupta

Barclays PLC (LON:BARC) Rating

Professional analysts at HSBC have GBX 250.00 price target on Barclays PLC (LON:BARC). HSBC’s price target suggests a potential upside of 18.13% from the company’s current price. The rating was revealed to investors in a note on 28 November.

Barclays PLC (LON:BARC) Ratings Coverage

Out of 26 analysts covering Barclays PLC (LON:BARC), 15 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 58% are positive. GBX 580 is the highest target while GBX 115 is the lowest. The GBX 217.72 average target is 2.22% above today’s (GBX 213) stock price. Barclays PLC has been the topic of 231 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 20 by JP Morgan. The firm has “Conviction Buy” rating by Goldman Sachs given on Wednesday, June 1. BNP Paribas maintained Barclays PLC (LON:BARC) rating on Wednesday, November 11. BNP Paribas has “Underperform” rating and GBX 250 price target. The stock has “Underperform” rating given by BNP Paribas on Friday, September 25. The stock of Barclays PLC (LON:BARC) earned “Underperform” rating by BNP Paribas on Tuesday, February 9. RBC Capital Markets maintained the shares of BARC in a report on Monday, February 8 with “Sector Perform” rating. The stock of Barclays PLC (LON:BARC) has “Sell” rating given on Tuesday, August 2 by Citigroup. The stock has “Buy” rating given by AlphaValue on Thursday, December 24. As per Friday, July 24, the company rating was maintained by Citigroup. On Friday, November 18 the stock rating was maintained by BNP Paribas with “Outperform”.

About 11.13 million shares traded hands. Barclays PLC (LON:BARC) has risen 23.57% since April 28, 2016 and is uptrending. It has outperformed by 17.55% the S&P500.

Barclays PLC is a global financial services holding company. The company has a market cap of 36.09 billion GBP. The Firm is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. It currently has negative earnings. The Company’s divisions include Barclays UK and Barclays Corporate & International.

More recent Barclays PLC (LON:BARC) news were published by: Reuters.com which released: “BRIEF-Bank of Singapore completes acquisition of WIM business of Barclays …” on November 27, 2016. Also Bloomberg.com published the news titled: “Barclays’s 25% London Office Space Cut Signals Glut Threat” on November 01, 2016. Businesswire.com‘s news article titled: “BARCLAYS PLC UK Regulatory Announcement: Form 8.5 – LONDON STOCK EXCHANGE …” with publication date: November 24, 2016 was also an interesting one.

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