Morgan Stanley reaffirmed their equal weight rating on shares of Barclays (LON:BARC) in a report released on Tuesday. They currently have a GBX 225 ($3.16) price objective on the financial services provider’s stock.
A number of other equities research analysts have also weighed in on BARC. Citigroup restated a sell rating and set a GBX 150 ($2.11) price objective on shares of Barclays in a research report on Tuesday, March 20th. Investec lowered Barclays to a hold rating and boosted their price objective for the stock from GBX 215 ($3.02) to GBX 225 ($3.16) in a research report on Tuesday, March 20th. Royal Bank of Canada set a GBX 215 ($3.02) price objective on Barclays and gave the stock a neutral rating in a research report on Thursday, February 22nd. Macquarie set a GBX 212 ($2.98) price objective on Barclays and gave the stock a neutral rating in a research report on Friday, March 9th. Finally, JPMorgan Chase set a GBX 250 ($3.51) price objective on Barclays and gave the stock a buy rating in a research report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 226.42 ($3.18).
Shares of BARC stock opened at GBX 209.55 ($2.94) on Tuesday. Barclays has a twelve month low of GBX 177.30 ($2.49) and a twelve month high of GBX 235.35 ($3.30).
In related news, insider Mike Turner purchased 10,000 shares of Barclays stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of GBX 210 ($2.95) per share, for a total transaction of £21,000 ($29,477.82).
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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