Jefferies Financial Group Increases Barclays (BARC) Price Target to GBX 263

Barclays (LON:BARC) had its price objective increased by investment analysts at Jefferies Financial Group from GBX 262 ($3.42) to GBX 263 ($3.44) in a research report issued on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 66.35% from the company’s previous close.

A number of other brokerages also recently issued reports on BARC. Cfra set a GBX 220 ($2.87) price target on Barclays and gave the company a “buy” rating in a report on Wednesday, October 24th. Goldman Sachs Group set a GBX 215 ($2.81) price target on Barclays and gave the company a “neutral” rating in a report on Tuesday, October 23rd. Deutsche Bank reissued a “buy” rating on shares of Barclays in a report on Wednesday, October 31st. UBS Group reissued a “buy” rating and issued a GBX 240 ($3.14) price target on shares of Barclays in a report on Thursday, November 29th. Finally, Morgan Stanley set a GBX 200 ($2.61) price target on Barclays and gave the company a “neutral” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 214.12 ($2.80).

Shares of LON:BARC opened at GBX 158.10 ($2.07) on Monday. Barclays has a 12-month low of GBX 177.30 ($2.32) and a 12-month high of GBX 235.35 ($3.08).

In other Barclays news, insider Michael Ashley acquired 33,890 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was acquired at an average cost of GBX 148 ($1.93) per share, for a total transaction of £50,157.20 ($65,539.27). Also, insider Tristram Roberts acquired 91,843 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of GBX 157 ($2.05) per share, with a total value of £144,193.51 ($188,414.36).

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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Analyst Recommendations for Barclays (LON:BARC)

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