Barclays (LON:BARC) Receives “Buy” Rating from Berenberg Bank
Berenberg Bank reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.
Other research analysts also recently issued research reports about the stock. UBS Group reiterated a buy rating and issued a GBX 205 ($2.70) price objective on shares of Barclays in a research report on Wednesday, February 19th. Morgan Stanley reiterated an equal weight rating on shares of Barclays in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price objective on shares of Barclays from GBX 210 ($2.76) to GBX 180 ($2.37) and set an overweight rating for the company in a research report on Tuesday. Societe Generale downgraded shares of Barclays to a hold rating and decreased their price objective for the stock from GBX 220 ($2.89) to GBX 160 ($2.10) in a research report on Tuesday, March 3rd. Finally, Goldman Sachs Group decreased their price objective on shares of Barclays from GBX 240 ($3.16) to GBX 215 ($2.83) and set a neutral rating for the company in a research report on Tuesday, March 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 200.42 ($2.64).
Shares of Barclays stock traded up GBX 5.28 ($0.07) during trading hours on Wednesday, reaching GBX 89.02 ($1.17). The stock had a trading volume of 162,669,364 shares, compared to its average volume of 50,310,000. The stock’s 50 day moving average is GBX 151.05 and its 200 day moving average is GBX 162.12. The firm has a market capitalization of $15.43 billion and a PE ratio of 6.31. Barclays has a twelve month low of GBX 117.92 ($1.55) and a twelve month high of GBX 192.99 ($2.54).
In other Barclays news, insider Tim J. Breedon acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of GBX 86 ($1.13) per share, with a total value of £17,200 ($22,625.62). Also, insider Michael Ashley acquired 132,802 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of GBX 75 ($0.99) per share, with a total value of £99,601.50 ($131,020.13). Insiders have bought 346,615 shares of company stock valued at $41,134,878 in the last three months.
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.
Read More: What are popular range trading strategies?
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.