Citigroup Reiterates “Sell” Rating for Barclays (BARC)
Barclays (LON:BARC)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup in a research note issued to investors on Wednesday.
Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group reiterated a “sell” rating on shares of Barclays in a research report on Wednesday, September 6th. Deutsche Bank boosted their price target on shares of Barclays from GBX 229 ($3.08) to GBX 231 ($3.11) and gave the company a “buy” rating in a research report on Monday, September 4th. UBS set a GBX 220 ($2.96) price objective on shares of Barclays and gave the stock a “buy” rating in a report on Monday, November 6th. Credit Suisse Group restated an “outperform” rating and issued a GBX 230 ($3.10) price objective on shares of Barclays in a report on Thursday, November 16th. Finally, restated a “buy” rating and issued a GBX 240 ($3.23) price objective on shares of Barclays in a report on Wednesday, November 8th. Three 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 stock has a consensus rating of “Hold” and an average price target of GBX 217.89 ($2.93).
Barclays (LON BARC) opened at GBX 191.47 ($2.58) on Wednesday. Barclays has a 52-week low of GBX 177.30 ($2.39) and a 52-week high of GBX 244.40 ($3.29).
In other Barclays news, insider Ian Cheshire purchased 30,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were acquired at an average cost of GBX 183 ($2.46) per share, for a total transaction of £54,900 ($73,889.64). Also, insider Tristram Roberts purchased 74,869 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was acquired at an average price of GBX 192 ($2.58) per share, for a total transaction of £143,748.48 ($193,470.36). In the last 90 days, insiders have purchased 114,869 shares of company stock worth $21,784,848.
Barclays Company Profile
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.