Morgan Stanley Downgrades Barclays (BARC) to Equal weight
Barclays (LON:BARC) was downgraded by analysts at Morgan Stanley to an “equal weight” rating in a research report issued on Wednesday. They currently have a GBX 215 ($2.92) price objective on the financial services provider’s stock, down from their previous price objective of GBX 230 ($3.12). Morgan Stanley’s price target indicates a potential upside of 7.05% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. UBS Group set a GBX 220 ($2.98) price target on shares of Barclays and gave the stock a “buy” rating in a report on Monday, November 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 230 ($3.12) price target on shares of Barclays in a report on Thursday, November 16th. Deutsche Bank cut their price target on shares of Barclays from GBX 226 ($3.06) to GBX 210 ($2.85) and set a “buy” rating for the company in a report on Monday, November 6th. Goldman Sachs Group set a GBX 170 ($2.31) price target on shares of Barclays and gave the stock a “sell” rating in a report on Monday, November 20th. Finally, reaffirmed a “buy” rating and set a GBX 240 ($3.25) price target on shares of Barclays in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 217.89 ($2.95).
Shares of Barclays (LON BARC) opened at GBX 200.85 ($2.72) on Wednesday. Barclays has a twelve month low of GBX 177.30 ($2.40) and a twelve month high of GBX 244.40 ($3.31). The firm has a market cap of $34,270.00 and a P/E ratio of 1,825.91.
Receive News & Stock 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 stocks with our FREE daily email newsletter.