Citigroup reaffirmed their sell rating on shares of Barclays (LON:BARC) in a research report released on Tuesday. The firm currently has a GBX 150 ($2.07) price objective on the financial services provider’s stock.
BARC has been the subject of several other reports. Deutsche Bank reiterated a buy rating and issued a GBX 250 ($3.45) target price (up from GBX 234 ($3.23)) on shares of Barclays in a research report on Friday, March 9th. Royal Bank of Canada set a GBX 215 ($2.97) target price on Barclays and gave the company a neutral rating in a research report on Thursday, March 8th. Macquarie set a GBX 212 ($2.93) target price on Barclays and gave the company a neutral rating in a research report on Friday, March 9th. Goldman Sachs Group upgraded Barclays to a neutral rating and increased their target price for the company from GBX 190 ($2.63) to GBX 210 ($2.90) in a research report on Thursday, March 8th. Finally, Morgan Stanley increased their target price on Barclays from GBX 215 ($2.97) to GBX 225 ($3.11) and gave the company an equal weight rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Barclays has an average rating of Buy and an average target price of GBX 226.95 ($3.14).
Shares of Barclays (BARC) opened at GBX 208.46 ($2.88) on Tuesday. Barclays has a 1 year low of GBX 177.30 ($2.45) and a 1 year high of GBX 235.35 ($3.25). The firm has a market capitalization of $35,650.00 and a price-to-earnings ratio of 2,084.59.
In other Barclays news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of GBX 210 ($2.90) per share, with a total value of £21,000 ($29,013.54).
COPYRIGHT VIOLATION WARNING: This article was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://weekherald.com/2018/03/14/citigroup-reaffirms-sell-rating-for-barclays-barc.html.
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.
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.