HSBC Reiterates Buy Rating for Barclays (BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating reiterated by analysts at HSBC in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently issued reports on BARC. Credit Suisse Group set a GBX 190 ($2.48) target price on shares of Barclays and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Bank of America downgraded shares of Barclays to a “neutral” rating in a research report on Thursday, April 18th. Jefferies Financial Group restated a “buy” rating and set a GBX 280 ($3.66) target price (up from GBX 263 ($3.44)) on shares of Barclays in a research report on Tuesday, April 16th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, February 21st. Finally, UBS Group set a GBX 235 ($3.07) target price on shares of Barclays and gave the company a “buy” rating in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 220.36 ($2.88).

Shares of BARC opened at GBX 159.34 ($2.08) on Tuesday. The firm has a market cap of $27.49 billion and a PE ratio of 8.26. Barclays has a 1-year low of GBX 145 ($1.89) and a 1-year high of GBX 216.80 ($2.83).

In other Barclays news, insider Crawford S. Gillies bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of GBX 158 ($2.06) per share, for a total transaction of £47,400 ($61,936.50).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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