Barclays PLC (LON:BARC) has been upgraded to Buy in a statement by Investec earlier today.
- Updated: October 18, 2016
Investec has upgraded Barclays PLC (LON:BARC) to Buy in a statement released on Wednesday October 19, 2016.
On 10/13/2016, Deutsche Bank released a statement on Barclays PLC (LON:BARC) upped the target price from 0.00GBX to 176.00GBX that suggested an upside of 0.06%.
Having a price of 175.20GBX, Barclays PLC (LON:BARC) traded 1.38% higher on the day. With the last close up 7.94% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BARC has recorded a 50-day average of 170.25GBX and a two hundred day average of 163.43GBX. Trade Volume was down over the average, with 11,046,489 shares of BARC changing hands under the typical 48,532,200
Recent Performance Chart
Barclays PLC has 52 week low of 121.10GBX and a 52 week high of 255.75GBX and has a market capitalization of 0 GBX.
In addition to Investec reporting its stock price target, a total of 20 brokerages have issued a ratings update on the company. The average stock price target is 182.16GBX with 6 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Barclays PLC (LON:BARC)
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company's segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business. The Barclays Corporate & International segment incorporates the Investment Bank segment; the large UK Corporate, and international Corporate and Wealth businesses, and the international Barclaycard business (consisting of the United States, German and Nordic consumer credit cards businesses), and Barclaycard Business Solutions (including merchant acquiring). It operates as financial services provider offering its services to over 20 million personal and card customers, including a million wealth, entrepreneurs and business banking clients.
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