Goldman Sachs Group, Inc. (The) Trims Barclays PLC (BARC) Target Price to GBX 175

Barclays PLC (LON:BARC) had its target price lowered by stock analysts at Goldman Sachs Group, Inc. (The) from GBX 180 ($2.43) to GBX 175 ($2.36) in a report released on Monday. The firm presently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential downside of 6.64% from the company’s current price.

Several other equities analysts also recently commented on the stock. J P Morgan Chase & Co set a GBX 240 ($3.24) price objective on shares of Barclays PLC and gave the company a “buy” rating in a report on Friday. Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a report on Monday, September 11th. UBS AG set a GBX 235 ($3.17) price objective on shares of Barclays PLC and gave the company a “buy” rating in a report on Monday, September 4th. Deutsche Bank AG upped their price objective on shares of Barclays PLC from GBX 229 ($3.09) to GBX 231 ($3.11) and gave the company a “buy” rating in a report on Monday, September 4th. Finally, HSBC Holdings plc set a GBX 250 ($3.37) price objective on shares of Barclays PLC and gave the company a “buy” rating in a report on Friday, August 11th. Four equities research 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 company currently has an average rating of “Hold” and an average target price of GBX 226.56 ($3.05).

Barclays PLC (LON:BARC) traded up 0.43% during mid-day trading on Monday, reaching GBX 187.45. 18,543,760 shares of the company’s stock traded hands. The firm’s market cap is GBX 31.97 billion. The firm has a 50 day moving average of GBX 196.09 and a 200 day moving average of GBX 208.92. 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 Barclays PLC news, insider Matthew Lester acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of GBX 192 ($2.59) per share, for a total transaction of £19,200 ($25,886.48). Also, insider Tim J. Breedon acquired 3,224 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of GBX 202 ($2.72) per share, with a total value of £6,512.48 ($8,780.48).

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