Barclays (LON:BARC) Earns “Top Pick” Rating from Citigroup

Citigroup reiterated their top pick rating on shares of Barclays (LON:BARCFree Report) in a research note released on Monday morning, Marketbeat Ratings reports.

Other equities research analysts have also issued reports about the stock. Shore Capital reaffirmed a buy rating on shares of Barclays in a report on Wednesday, June 19th. JPMorgan Chase & Co. increased their price objective on shares of Barclays from GBX 240 ($3.07) to GBX 270 ($3.46) and gave the company an overweight rating in a report on Wednesday, July 3rd. Peel Hunt began coverage on shares of Barclays in a report on Friday, April 19th. They set a buy rating and a GBX 245 ($3.14) price objective for the company. Jefferies Financial Group reaffirmed a buy rating and set a GBX 335 ($4.29) price objective on shares of Barclays in a report on Tuesday, May 21st. Finally, Royal Bank of Canada cut their price objective on shares of Barclays from GBX 260 ($3.33) to GBX 250 ($3.20) and set an outperform rating for the company in a report on Thursday, June 13th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Barclays presently has a consensus rating of Buy and a consensus price target of GBX 276 ($3.54).

Read Our Latest Analysis on BARC

Barclays Trading Up 1.3 %

Barclays stock opened at GBX 219.55 ($2.81) on Monday. The firm has a 50 day moving average of GBX 212.60 and a 200 day moving average of GBX 182.48. The firm has a market capitalization of £32.82 billion, a price-to-earnings ratio of 844.42, a P/E/G ratio of -1.09 and a beta of 1.35. Barclays has a 12-month low of GBX 128.12 ($1.64) and a 12-month high of GBX 226.20 ($2.90).

Insider Activity

In other news, insider Anna Cross sold 53,422 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 203 ($2.60), for a total transaction of £108,446.66 ($138,909.52). Insiders own 1.43% of the company’s stock.

Barclays Company Profile

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Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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