Barclays (BARC) Stock Rating Reaffirmed by Citigroup
Citigroup reissued their sell rating on shares of Barclays (LON:BARC) in a research note published on Tuesday morning. The firm currently has a GBX 150 ($2.07) target price on the financial services provider’s stock.
Several other analysts have also commented on the company. Credit Suisse Group reiterated an outperform rating and set a GBX 230 ($3.18) price objective on shares of Barclays in a report on Monday. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 250 ($3.45) price objective on shares of Barclays in a report on Thursday, March 15th. Macquarie set a GBX 212 ($2.93) target price on Barclays and gave the stock a neutral rating in a research note on Friday, March 9th. Deutsche Bank restated a buy rating and issued a GBX 250 ($3.45) target price (up previously from GBX 234 ($3.23)) on shares of Barclays in a research note on Friday, March 9th. Finally, Royal Bank of Canada set a GBX 215 ($2.97) target price on Barclays and gave the stock a neutral rating in a research note on Thursday, March 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Barclays currently has an average rating of Buy and a consensus price target of GBX 225.89 ($3.12).
Shares of Barclays (LON BARC) opened at GBX 203.35 ($2.81) on Tuesday. Barclays has a twelve month low of GBX 177.30 ($2.45) and a twelve month high of GBX 235.35 ($3.25). The company has a market capitalization of $35,750.00 and a price-to-earnings ratio of 2,033.50.
In related news, insider Mike Turner purchased 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of GBX 210 ($2.90) per share, with a total value of £21,000 ($29,013.54).
Barclays Company Profile
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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