Barclays’ (BARC) Sell Rating Reaffirmed at Citigroup

Citigroup reiterated their sell rating on shares of Barclays (LON:BARC) in a research report released on Monday morning, Digital Look reports.

BARC has been the subject of several other reports. Berenberg Bank restated a buy rating on shares of Barclays in a research report on Monday, December 2nd. HSBC boosted their target price on shares of Barclays from GBX 200 ($2.63) to GBX 210 ($2.76) and gave the stock a buy rating in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed a neutral rating and set a GBX 185 ($2.43) target price on shares of Barclays in a research note on Wednesday, January 8th. UBS Group reaffirmed a buy rating on shares of Barclays in a research note on Monday, January 13th. Finally, Deutsche Bank boosted their target price on shares of Barclays from GBX 205 ($2.70) to GBX 208 ($2.74) and gave the stock a buy rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 210.42 ($2.77).

Shares of BARC opened at GBX 174 ($2.29) on Monday. Barclays has a one year low of GBX 131.04 ($1.72) and a one year high of GBX 192.99 ($2.54). The company has a market cap of $29.71 billion and a P/E ratio of 17.23. The firm has a 50 day simple moving average of GBX 178.77 and a two-hundred day simple moving average of GBX 161.45.

In other Barclays news, insider Dawn Fitzpatrick acquired 473,406 shares of Barclays stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of GBX 170 ($2.24) per share, with a total value of £804,790.20 ($1,058,655.88).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

Featured Story: How is the discount rate different from the Federal Funds rate?

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.