Barclays (LON:BARC) had its target price boosted by stock analysts at HSBC from GBX 260 ($3.32) to GBX 270 ($3.44) in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price would indicate a potential upside of 47.86% from the stock’s current price.

A number of other research analysts have also recently weighed in on BARC. Goldman Sachs Group set a GBX 220 ($2.81) target price on shares of Barclays and gave the company a “neutral” rating in a research note on Friday, April 20th. Royal Bank of Canada set a GBX 220 ($2.81) target price on shares of Barclays and gave the company a “neutral” rating in a research note on Friday, April 20th. Berenberg Bank upgraded shares of Barclays to a “hold” rating in a research note on Friday, April 20th. Shore Capital restated a “buy” rating and set a GBX 214 ($2.73) price target on shares of Barclays in a research note on Friday, April 20th. Finally, JPMorgan Chase & Co. set a GBX 250 ($3.19) price target on shares of Barclays and gave the company a “buy” rating in a research note on Thursday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 227.37 ($2.90).

BARC opened at GBX 182.60 ($2.33) on Friday. Barclays has a twelve month low of GBX 177.30 ($2.26) and a twelve month high of GBX 235.35 ($3.00).

In related news, insider Tim J. Breedon purchased 3,859 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average price of GBX 190 ($2.42) per share, with a total value of £7,332.10 ($9,353.36). Also, insider Mike Turner purchased 50,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was bought at an average cost of GBX 190 ($2.42) per share, for a total transaction of £95,000 ($121,188.93).

About Barclays

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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