UBS Group reissued their buy rating on shares of Barclays (LON:BARC) in a research note released on Monday, www.boersen-zeitung.de reports. The firm currently has a GBX 235 ($3.04) price objective on the financial services provider’s stock, down from their previous price objective of GBX 240 ($3.11).
A number of other equities research analysts have also recently weighed in on BARC. Goldman Sachs Group set a GBX 220 ($2.85) price target on Barclays and gave the company a neutral rating in a research note on Monday, April 9th. Deutsche Bank set a GBX 250 ($3.24) price target on Barclays and gave the company a buy rating in a research note on Wednesday, April 11th. Jefferies Financial Group set a GBX 265 ($3.43) price objective on Barclays and gave the stock a buy rating in a research report on Monday, April 16th. Royal Bank of Canada set a GBX 220 ($2.85) price objective on Barclays and gave the stock a neutral rating in a research report on Friday, April 20th. Finally, Berenberg Bank upgraded Barclays to a hold rating in a research report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 226.84 ($2.94).
BARC opened at GBX 189.72 ($2.46) on Monday. Barclays has a 1-year low of GBX 177.30 ($2.30) and a 1-year high of GBX 235.35 ($3.05).
In other news, insider Mike Turner acquired 50,000 shares of the stock in a transaction on Friday, August 3rd. The shares were purchased at an average price of GBX 190 ($2.46) per share, for a total transaction of £95,000 ($122,977.35).
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.
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