Barclays PLC (BARC) Downgraded to Sell at Berenberg Bank

Barclays PLC (BARC) Downgraded to Sell at Berenberg Bank

Barclays PLC (LON:BARC) was downgraded by Berenberg Bank to a “sell” rating in a research report issued on Monday. They presently have a GBX 200 ($2.50) price objective on the financial services provider’s stock, up from their prior price objective of GBX 170 ($2.12). Berenberg Bank’s target price points to a potential downside of 13.24% from the stock’s current price.

Several other research firms have also weighed in on BARC. Jefferies Group LLC set a GBX 222 ($2.77) price target on Barclays PLC and gave the company a “neutral” rating in a report on Friday, December 9th. Deutsche Bank AG upgraded Barclays PLC to a “buy” rating and set a GBX 270 ($3.37) price target on the stock in a report on Monday, January 9th. BNP Paribas restated a “neutral” rating and set a GBX 245 ($3.06) price target on shares of Barclays PLC in a report on Monday, January 9th. Goldman Sachs Group, Inc. (The) set a GBX 250 ($3.12) price target on Barclays PLC and gave the company a “neutral” rating in a report on Monday, January 16th. Finally, Macquarie restated a “neutral” rating and set a GBX 245 ($3.06) price target on shares of Barclays PLC in a report on Friday, January 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. Barclays PLC has a consensus rating of “Hold” and a consensus target price of GBX 215.92 ($2.69).

Shares of Barclays PLC (LON:BARC) opened at 226.30 on Monday. The stock’s 50 day moving average is GBX 229.27 and its 200-day moving average is GBX 189.32. The company’s market cap is GBX 53.96 billion. Barclays PLC has a one year low of GBX 121.10 and a one year high of GBX 267.32.

In other news, insider Tristram Roberts sold 150,931 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 204 ($2.55), for a total transaction of £307,899.24 ($384,249.64). Also, insider James E. Staley acquired 50,673 shares of the stock in a transaction dated Monday, December 12th. The shares were acquired at an average cost of GBX 231 ($2.88) per share, with a total value of £117,054.63 ($146,080.91).

Barclays PLC Company Profile

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.

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