Barclays’ (LON:BARC) “Outperform” Rating Reiterated at Credit Suisse Group

Barclays (LON:BARC)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a research report issued on Thursday, November 16th. They presently have a GBX 230 ($3.10) price objective on the financial services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 19.98% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. UBS set a GBX 220 ($2.96) price objective on shares of Barclays and gave the stock a “buy” rating in a report on Tuesday, November 14th. Royal Bank Of Canada set a GBX 200 ($2.69) price objective on shares of Barclays and gave the stock a “neutral” rating in a report on Thursday, November 9th. Goldman Sachs Group set a GBX 170 ($2.29) price objective on shares of Barclays and gave the stock a “sell” rating in a report on Wednesday, November 8th. restated a “buy” rating and issued a GBX 240 ($3.23) price objective on shares of Barclays in a report on Wednesday, November 8th. Finally, Deutsche Bank decreased their target price on shares of Barclays from GBX 226 ($3.04) to GBX 210 ($2.83) and set a “buy” rating for the company in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 218.47 ($2.94).

Barclays (BARC) traded down GBX 2.55 ($0.03) during mid-day trading on Thursday, hitting GBX 191.70 ($2.58). 39,166,878 shares of the stock traded hands, compared to its average volume of 59,910,000. Barclays has a 1 year low of GBX 177.30 ($2.39) and a 1 year high of GBX 244.40 ($3.29).

In other news, insider Ian Cheshire acquired 30,000 shares of Barclays stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average cost of GBX 183 ($2.46) per share, with a total value of £54,900 ($73,889.64). Also, insider Matthew Lester acquired 10,000 shares of Barclays stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of GBX 192 ($2.58) per share, for a total transaction of £19,200 ($25,841.18). Insiders have bought a total of 114,869 shares of company stock worth $21,784,848 over the last 90 days.

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