Barclays (BARC) Given Average Rating of “Buy” by Analysts

Shares of Barclays (LON:BARC) have been assigned an average rating of “Buy” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 227.63 ($3.09).

Several equities research analysts have recently issued reports on BARC shares. HSBC reissued a “buy” rating and set a GBX 240 ($3.26) price objective on shares of Barclays in a research report on Monday, January 29th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 234 ($3.17) target price on shares of Barclays in a research report on Monday, February 5th. Goldman Sachs set a GBX 175 ($2.37) target price on shares of Barclays and gave the company a “sell” rating in a research report on Wednesday, January 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 230 ($3.12) target price on shares of Barclays in a research report on Monday, March 19th. Finally, JPMorgan Chase reaffirmed an “overweight” rating on shares of Barclays in a research report on Thursday, February 1st.

In other Barclays news, insider Mike Turner acquired 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of GBX 210 ($2.85) per share, for a total transaction of £21,000 ($28,486.16). Also, insider Christopher Paul Compton sold 1,004,953 shares of Barclays stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of GBX 205 ($2.78), for a total transaction of £2,060,153.65 ($2,794,565.45).

Shares of BARC stock traded up GBX 0.65 ($0.01) during trading hours on Friday, hitting GBX 214.45 ($2.91). 21,484,172 shares of the company were exchanged, compared to its average volume of 50,310,000. Barclays has a 52 week low of GBX 177.30 ($2.41) and a 52 week high of GBX 235.35 ($3.19).

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)

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.



Leave a Reply