Barclays’ (BARC) Buy Rating Reaffirmed at UBS Group
UBS Group reiterated their buy rating on shares of Barclays (LON:BARC) in a report released on Friday, Borsen Zeitung reports. They currently have a GBX 190 ($2.48) target price on the financial services provider’s stock, down from their prior target price of GBX 200 ($2.61).
A number of other research firms have also recently issued reports on BARC. JPMorgan Chase & Co. set a GBX 220 ($2.87) target price on shares of Barclays and gave the company a buy rating in a research note on Wednesday, September 4th. Societe Generale reiterated a buy rating on shares of Barclays in a research note on Tuesday, September 10th. Goldman Sachs Group set a GBX 190 ($2.48) target price on shares of Barclays and gave the company a neutral rating in a research note on Tuesday, September 10th. Jefferies Financial Group reduced their target price on shares of Barclays from GBX 280 ($3.66) to GBX 209 ($2.73) and set a buy rating for the company in a research note on Tuesday, September 10th. Finally, Deutsche Bank set a GBX 170 ($2.22) target price on shares of Barclays and gave the company a buy rating in a research note on Thursday, September 12th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 196.08 ($2.56).
Shares of BARC opened at GBX 153.48 ($2.01) on Friday. The company has a market capitalization of $26.47 billion and a PE ratio of 8.57. The company’s 50 day moving average price is GBX 145.87 and its 200 day moving average price is GBX 154.85. Barclays has a 52 week low of GBX 134.70 ($1.76) and a 52 week high of GBX 181 ($2.37).
In other news, insider Nigel Higgins acquired 10,092 shares of Barclays stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of GBX 153 ($2.00) per share, for a total transaction of £15,440.76 ($20,176.09).
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.
Featured Story: What is a Leveraged Buyout (LBO)?
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.