Noteworthy Rating Filing: Barclays PLC (LON:BARC) Is Now Covered By One More Research Firm

November 29, 2016 - By whatsonthorold

Why Credit Suisse Gives Barclays PLC (LON:BARC) GBX 260.00 Price Target

Credit Suisse analyst started coverage with a Outperform rating on Barclays PLC (LON:BARC) today and set a price target of GBX 260.00. The company’s shares opened today at 214.65.

Barclays PLC (LON:BARC) Ratings Coverage

Out of 27 analysts covering Barclays PLC (LON:BARC), 16 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 59% are positive. GBX 580 is the highest target while GBX 115 is the lowest. The GBX 219.35 average target is 2.19% above today’s (GBX 214.65) stock price. Barclays PLC has been the topic of 232 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Investec maintained the stock with “Buy” rating in Monday, November 30 report. The firm has “Overweight” rating given on Wednesday, March 2 by JP Morgan. Deutsche Bank maintained Barclays PLC (LON:BARC) on Monday, August 1 with “Hold” rating. Deutsche Bank maintained the stock with “Buy” rating in Monday, December 7 report. The firm has “Hold” rating given on Thursday, November 3 by Deutsche Bank. The stock of Barclays PLC (LON:BARC) has “Neutral” rating given on Thursday, July 30 by BNP Paribas. The stock has “Buy” rating given by Deutsche Bank on Friday, October 23. The rating was maintained by Citigroup with “Buy” on Friday, July 24. JP Morgan maintained the shares of BARC in a report on Wednesday, December 2 with “Overweight” rating. Deutsche Bank maintained Barclays PLC (LON:BARC) on Thursday, September 15 with “Hold” rating.

About 11.13M shares traded hands. Barclays PLC (LON:BARC) has risen 23.56% since April 29, 2016 and is uptrending. It has outperformed by 18.30% the S&P500.

Barclays PLC is a global financial services holding company. The company has a market cap of 36.37 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 important 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 article titled: “Barclays’s 25% London Office Space Cut Signals Glut Threat”, Businesswire.com published: “BARCLAYS PLC UK Regulatory Announcement: Form 8.5 – LONDON STOCK EXCHANGE …” on November 24, 2016. More interesting news about Barclays PLC (LON:BARC) was released by: Businesswire.com and their article: “BARCLAYS PLC UK Regulatory Announcement: Form 8.3 – ALTERNATIVE NETWORKS” with publication date: November 28, 2016.

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