Royal Bank of Canada set a GBX 220 ($2.87) target price on Barclays (LON:BARC) in a research note issued to investors on Thursday. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other research analysts have also recently commented on BARC. Goldman Sachs Group reduced their price objective on Barclays from GBX 215 ($2.81) to GBX 210 ($2.74) and set a neutral rating on the stock in a research note on Wednesday, September 12th. Deutsche Bank increased their target price on Barclays from GBX 239 ($3.12) to GBX 240 ($3.14) and gave the company a buy rating in a report on Tuesday, September 18th. Investec dropped their price target on shares of Barclays from GBX 230 ($3.01) to GBX 220 ($2.87) and set a buy rating on the stock in a research note on Wednesday, September 19th. Credit Suisse Group set a GBX 240 ($3.14) price target on Barclays and gave the company a buy rating in a research report on Monday, September 24th. Finally, Berenberg Bank upgraded shares of Barclays to a buy rating and raised their price target for the stock from GBX 200 ($2.61) to GBX 220 ($2.87) in a research note on Monday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 222.75 ($2.91).
LON:BARC traded down GBX 2.12 ($0.03) during mid-day trading on Thursday, reaching GBX 157.22 ($2.05). 27,602,771 shares of the stock were exchanged, compared to its average volume of 50,310,000. Barclays has a 1 year low of GBX 177.30 ($2.32) and a 1 year high of GBX 235.35 ($3.08).
In other Barclays news, insider Michael Ashley purchased 33,890 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were acquired at an average price of GBX 148 ($1.93) per share, for a total transaction of £50,157.20 ($65,539.27). Also, insider Tristram Roberts purchased 91,843 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average price of GBX 157 ($2.05) per share, for a total transaction of £144,193.51 ($188,414.36).
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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