Barclays’ (BARC) “Sell” Rating Reiterated at Citigroup

Citigroup reiterated their sell rating on shares of Barclays (LON:BARC) in a research note issued to investors on Wednesday morning.

A number of other brokerages have also commented on BARC. J P Morgan Chase & Co set a GBX 240 ($3.23) target price on Barclays and gave the company a buy rating in a research report on Wednesday, November 29th. Berenberg Bank reaffirmed a hold rating and set a GBX 200 ($2.69) target price on shares of Barclays in a research note on Wednesday, November 29th. HSBC reaffirmed a buy rating and set a GBX 240 ($3.23) target price on shares of Barclays in a research note on Wednesday, November 29th. UBS reaffirmed a buy rating on shares of Barclays in a research note on Tuesday, November 28th. Finally, Shore Capital reaffirmed a buy rating on shares of Barclays in a research note on Tuesday, November 28th. 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. Barclays has a consensus rating of Hold and an average target price of GBX 217.89 ($2.93).

Shares of Barclays (BARC) opened at GBX 196.40 ($2.64) on Wednesday. Barclays has a fifty-two week low of GBX 177.30 ($2.39) and a fifty-two week high of GBX 244.40 ($3.29).

In related news, insider Tristram Roberts bought 74,869 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 192 ($2.58) per share, with a total value of £143,748.48 ($193,470.36). Also, insider Ian Cheshire purchased 30,000 shares of Barclays stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of GBX 183 ($2.46) per share, with a total value of £54,900 ($73,889.64). Over the last three months, insiders bought 114,869 shares of company stock valued at $21,784,848.

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