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

Barclays (LON:BARC) has been given a GBX 220 ($2.87) price objective by investment analysts at Royal Bank of Canada in a research report issued on Friday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 43.49% from the company’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank set a GBX 239 ($3.12) price objective on Barclays and gave the company a “buy” rating in a research report on Thursday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 266 ($3.48) price objective on shares of Barclays in a research report on Thursday, August 23rd. HSBC lifted their price objective on Barclays from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the stock a “buy” rating in a report on Friday, August 17th. JPMorgan Chase & Co. set a GBX 250 ($3.27) target price on Barclays and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Citigroup restated a “sell” rating on shares of Barclays in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Barclays has a consensus rating of “Buy” and a consensus price target of GBX 225 ($2.94).

Shares of LON BARC opened at GBX 153.32 ($2.00) on Friday. Barclays has a one year low of GBX 177.30 ($2.32) and a one year high of GBX 235.35 ($3.08).

In other news, insider James E. Staley purchased 168,860 shares of the stock in a transaction that occurred on Friday, September 28th. The stock was acquired at an average cost of GBX 174 ($2.27) per share, with a total value of £293,816.40 ($383,923.17). Also, insider Mary Anne Citrino acquired 2,000 shares of Barclays stock in a transaction on Tuesday, September 11th. The shares were bought at an average price of GBX 176 ($2.30) per share, for a total transaction of £3,520 ($4,599.50).

About Barclays

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.

Further Reading: What is a Reverse Stock Split?

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