Shore Capital Reaffirms Buy Rating for Barclays (LON:BARC)

Shore Capital reissued their buy rating on shares of Barclays (LON:BARCFree Report) in a research note published on Wednesday, MarketBeat Ratings reports.

BARC has been the subject of a number of other reports. JPMorgan Chase & Co. reissued an overweight rating on shares of Barclays in a research note on Tuesday, March 12th. Peel Hunt began coverage on Barclays in a research note on Friday, April 19th. They set a buy rating and a GBX 245 ($3.11) target price for the company. Royal Bank of Canada lowered their price target on Barclays from GBX 260 ($3.30) to GBX 250 ($3.18) and set an outperform rating on the stock in a report on Thursday, June 13th. Berenberg Bank restated a buy rating and issued a GBX 280 ($3.56) price target on shares of Barclays in a report on Thursday, May 16th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 335 ($4.26) price target on shares of Barclays in a report on Tuesday, May 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of GBX 262 ($3.33).

Get Our Latest Analysis on BARC

Barclays Stock Down 1.5 %

BARC opened at GBX 204.85 ($2.60) on Wednesday. The business has a 50 day moving average price of GBX 206.97 and a two-hundred day moving average price of GBX 176.27. The company has a market cap of £30.63 billion, a PE ratio of 787.88, a P/E/G ratio of -1.09 and a beta of 1.35. Barclays has a 52 week low of GBX 128.12 ($1.63) and a 52 week high of GBX 224.30 ($2.85).

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 53,422 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.58), for a total value of £108,446.66 ($137,797.53). 1.43% of the stock is currently owned by corporate insiders.

About Barclays

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Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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