Barclays (BARC) Rating Increased to Hold at Berenberg Bank

Barclays (LON:BARC) was upgraded by stock analysts at Berenberg Bank to a “hold” rating in a report released on Friday.

Several other research analysts have also recently commented on the company. HSBC reissued a “buy” rating and set a GBX 240 ($3.44) price target on shares of Barclays in a research report on Monday, January 29th. Deutsche Bank reissued a “buy” rating and set a GBX 234 ($3.35) price target on shares of Barclays in a research report on Monday, February 5th. Goldman Sachs set a GBX 175 ($2.51) price target on Barclays and gave the company a “sell” rating in a research report on Wednesday, January 17th. Credit Suisse Group reissued an “outperform” rating and set a GBX 230 ($3.29) price target on shares of Barclays in a research report on Monday, March 19th. Finally, Morgan Stanley cut Barclays to an “equal weight” rating and reduced their price target for the company from GBX 230 ($3.29) to GBX 215 ($3.08) in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 230.37 ($3.30).

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Shares of LON BARC opened at GBX 214.89 ($3.08) on Friday. Barclays has a 52 week low of GBX 177.30 ($2.54) and a 52 week high of GBX 235.35 ($3.37).

In other Barclays news, insider Mike Turner acquired 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of GBX 210 ($3.01) per share, with a total value of £21,000 ($30,068.73).

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About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (LON:BARC)

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