Barclays (LON:BARC) has been assigned a GBX 225 ($3.14) target price by investment analysts at Morgan Stanley in a research report issued on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 5.12% from the company’s current price.
Several other equities research analysts have also recently commented on BARC. Goldman Sachs set a GBX 175 ($2.44) price target on shares of Barclays and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Deutsche Bank boosted their price target on shares of Barclays from GBX 210 ($2.93) to GBX 234 ($3.26) and gave the stock a “buy” rating in a research report on Friday, January 26th. HSBC reissued a “buy” rating and set a GBX 240 ($3.35) price target on shares of Barclays in a research report on Monday, January 29th. JPMorgan Chase reissued an “overweight” rating on shares of Barclays in a research report on Thursday, February 1st. Finally, Citigroup reissued a “sell” rating on shares of Barclays in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 229.50 ($3.20).
BARC opened at GBX 214.05 ($2.99) on Thursday. Barclays has a 12 month low of GBX 177.30 ($2.47) and a 12 month high of GBX 235.35 ($3.28).
In related news, insider Mike Turner purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of GBX 210 ($2.93) per share, for a total transaction of £21,000 ($29,288.70).
TRADEMARK VIOLATION WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/26/morgan-stanley-reiterates-gbx-225-price-target-for-barclays-barc.html.
Barclays Company Profile
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.
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.