UBS Group Reiterates “Buy” Rating for Barclays (BARC)

UBS Group reiterated their buy rating on shares of Barclays (LON:BARC) in a research note released on Wednesday, www.boersen-zeitung.de reports. They currently have a GBX 240 ($3.14) price objective on the financial services provider’s stock, up from their previous price objective of GBX 235 ($3.07).

A number of other analysts have also commented on BARC. Cfra set a GBX 250 ($3.27) price target on shares of Barclays and gave the company a buy rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a GBX 250 ($3.27) price target on shares of Barclays and gave the company a buy rating in a research note on Wednesday, July 11th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 235 ($3.07) price objective on shares of Barclays in a report on Tuesday, June 26th. Deutsche Bank set a GBX 240 ($3.14) price objective on shares of Barclays and gave the stock a buy rating in a report on Friday, October 12th. Finally, Berenberg Bank set a GBX 200 ($2.61) price objective on shares of Barclays and gave the stock a neutral rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 229.78 ($3.00).

Shares of BARC stock opened at GBX 163.42 ($2.14) on Wednesday. Barclays has a 12 month low of GBX 177.30 ($2.32) and a 12 month high of GBX 235.35 ($3.08).

In related news, insider James E. Staley purchased 168,860 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were bought at an average cost of GBX 174 ($2.27) per share, with a total value of £293,816.40 ($383,923.17). Also, insider Tim J. Breedon purchased 3,859 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was bought at an average cost of GBX 190 ($2.48) per share, for a total transaction of £7,332.10 ($9,580.69). Insiders have acquired a total of 224,719 shares of company stock worth $39,966,850 over the last ninety days.

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.

Featured Story: What are the reasons investors use put options?

Analyst Recommendations for Barclays (LON:BARC)

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.


Leave a Reply