Shore Capital Reiterates Buy Rating for Barclays (BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a report released on Friday.

Several other analysts also recently issued reports on the stock. HSBC upped their price target on shares of Barclays from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the company a “buy” rating in a report on Friday, August 17th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 239 ($3.12) price target (up previously from GBX 236 ($3.08)) on shares of Barclays in a report on Friday, August 3rd. Citigroup reaffirmed a “sell” rating on shares of Barclays in a report on Wednesday, September 5th. Goldman Sachs Group set a GBX 215 ($2.81) price objective on shares of Barclays and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. set a GBX 250 ($3.27) price objective on shares of Barclays and gave the company a “buy” rating in a research note on Wednesday, September 5th. 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 has an average rating of “Buy” and a consensus price target of GBX 228.56 ($2.99).

Shares of LON BARC opened at GBX 177.72 ($2.32) on Friday. 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 company’s stock in a transaction that occurred on Friday, September 28th. The stock was purchased at an average price of GBX 174 ($2.27) per share, with a total value of £293,816.40 ($383,923.17). Also, insider Mary Anne Citrino purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were bought at an average cost of GBX 176 ($2.30) per share, with a total value of £3,520 ($4,599.50). Insiders have purchased 174,719 shares of company stock worth $30,466,850 in the last three months.

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.

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Analyst Recommendations for Barclays (LON:BARC)

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