Barclays (LON:BARC) has been assigned a GBX 220 ($2.87) price target by stock analysts at Royal Bank of Canada in a report issued on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 39.93% from the stock’s current price.
A number of other analysts have also weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 240 ($3.14) price objective on shares of Barclays in a research note on Thursday, November 29th. Berenberg Bank raised shares of Barclays to a “buy” rating and increased their price target for the company from GBX 200 ($2.61) to GBX 220 ($2.87) in a research report on Monday, October 1st. Jefferies Financial Group raised shares of Barclays to a “buy” rating and decreased their price target for the company from GBX 266 ($3.48) to GBX 262 ($3.42) in a research report on Wednesday, November 21st. Goldman Sachs Group decreased their price target on shares of Barclays from GBX 215 ($2.81) to GBX 210 ($2.74) and set a “neutral” rating for the company in a research report on Wednesday, September 12th. Finally, Deutsche Bank reissued a “buy” rating on shares of Barclays in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 222.75 ($2.91).
LON:BARC opened at GBX 157.22 ($2.05) on Thursday. Barclays has a 1-year low of GBX 177.30 ($2.32) and a 1-year high of GBX 235.35 ($3.08).
In related news, insider Tristram Roberts acquired 91,843 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average price of GBX 157 ($2.05) per share, for a total transaction of £144,193.51 ($188,414.36). Also, insider Michael Ashley acquired 33,890 shares of the business’s stock in a transaction dated Friday, December 21st. The shares were bought at an average price of GBX 148 ($1.93) per share, for a total transaction of £50,157.20 ($65,539.27).
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.
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