Barclays (BARC) Stock Rating Lowered by Morgan Stanley

Morgan Stanley lowered shares of Barclays (LON:BARC) to an equal weight rating in a research report sent to investors on Wednesday, January 10th. Morgan Stanley currently has GBX 215 ($2.92) price target on the financial services provider’s stock, down from their previous price target of GBX 230 ($3.12).

A number of other equities research analysts have also issued reports on BARC. reissued a buy rating and set a GBX 250 ($3.39) target price on shares of Barclays in a research note on Thursday, September 28th. Citigroup restated a sell rating and set a GBX 170 ($2.31) price target on shares of Barclays in a report on Wednesday, September 27th. UBS Group set a GBX 235 ($3.19) price target on shares of Barclays and gave the company a buy rating in a report on Monday, September 25th. Goldman Sachs Group restated a sell rating on shares of Barclays in a report on Sunday, September 24th. Finally, Jefferies Group dropped their target price on shares of Barclays from GBX 232 ($3.15) to GBX 216 ($2.93) and set a hold rating on the stock in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 218.16 ($2.96).

Shares of Barclays (BARC) opened at GBX 200.50 ($2.72) on Wednesday. The stock has a market cap of $34,210.00 and a price-to-earnings ratio of 1,822.73. Barclays has a 52 week low of GBX 177.30 ($2.40) and a 52 week high of GBX 244.40 ($3.31).

In related news, insider Ian Cheshire bought 30,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was bought at an average cost of GBX 183 ($2.48) per share, with a total value of £54,900 ($74,450.77).

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Barclays Company Profile

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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