Barclays (BARC) Given a GBX 220 Price Target by Royal Bank of Canada Analysts

Barclays (LON:BARC) has been assigned a GBX 220 ($3.15) price objective by equities researchers at Royal Bank of Canada in a research note issued on Friday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 2.09% from the company’s current price.

Several other equities analysts have also recently commented on BARC. Morgan Stanley cut Barclays to an “equal weight” rating and reduced their target price for the stock from GBX 230 ($3.29) to GBX 215 ($3.08) in a research report on Wednesday, January 10th. Goldman Sachs set a GBX 175 ($2.51) target price on Barclays and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Deutsche Bank boosted their target price on Barclays from GBX 210 ($3.01) to GBX 234 ($3.35) and gave the stock a “buy” rating in a research report on Friday, January 26th. HSBC restated a “buy” rating and set a GBX 240 ($3.44) target price on shares of Barclays in a research report on Monday, January 29th. Finally, JPMorgan Chase restated an “overweight” rating on shares of Barclays in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 229.55 ($3.29).

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Barclays stock opened at GBX 215.50 ($3.09) on Friday. Barclays has a 52 week low of GBX 177.30 ($2.54) and a 52 week high of GBX 235.35 ($3.37).

In related news, insider Mike Turner bought 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 210 ($3.01) per share, with a total value of £21,000 ($30,068.73).

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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.

Analyst Recommendations for Barclays (LON:BARC)

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