Barclays (BARC) Given a GBX 220 Price Target at Royal Bank of Canada

Barclays (LON:BARC) has been assigned a GBX 220 ($2.87) target price by Royal Bank of Canada in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 25.20% from the stock’s previous close.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. set a GBX 250 ($3.27) price objective on shares of Barclays and gave the company a “buy” rating in a report on Friday. Shore Capital restated a “buy” rating on shares of Barclays in a report on Friday. Deutsche Bank restated a “buy” rating on shares of Barclays in a report on Wednesday. Berenberg Bank restated a “buy” rating on shares of Barclays in a report on Thursday, October 25th. Finally, Cfra set a GBX 220 ($2.87) price objective on shares of Barclays and gave the company a “buy” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 228.56 ($2.99).

Shares of BARC opened at GBX 175.72 ($2.30) 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 other Barclays news, insider James E. Staley purchased 168,860 shares of the business’s stock in a transaction on Friday, September 28th. The shares were bought at an average cost of GBX 174 ($2.27) per share, for a total transaction of £293,816.40 ($383,923.17). Also, insider Mary Anne Citrino purchased 2,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were acquired at an average price of GBX 176 ($2.30) per share, for a total transaction of £3,520 ($4,599.50). Insiders have acquired 174,719 shares of company stock worth $30,466,850 over the last quarter.

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.

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