Citigroup Reaffirms Sell Rating for Barclays (BARC)

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Barclays (LON:BARC)‘s stock had its “sell” rating reiterated by equities research analysts at Citigroup in a research note issued to investors on Wednesday.

A number of other brokerages also recently issued reports on BARC. Goldman Sachs Group set a GBX 220 ($2.84) price target on shares of Barclays and gave the stock a “neutral” rating in a report on Thursday, May 10th. JPMorgan Chase & Co. set a GBX 250 ($3.22) price objective on shares of Barclays and gave the stock a “buy” rating in a research report on Thursday, May 17th. UBS Group set a GBX 240 ($3.10) price objective on shares of Barclays and gave the stock a “buy” rating in a research report on Tuesday, May 8th. HSBC upped their price objective on shares of Barclays from GBX 240 ($3.10) to GBX 260 ($3.35) and gave the stock a “buy” rating in a research report on Wednesday, June 20th. Finally, Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 227.37 ($2.93).

BARC stock opened at GBX 179.04 ($2.31) on Wednesday. Barclays has a 12 month low of GBX 177.30 ($2.29) and a 12 month high of GBX 235.35 ($3.04).

In other news, insider Mike Turner acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was purchased at an average price of GBX 190 ($2.45) per share, with a total value of £95,000 ($122,549.02). Also, insider Tim J. Breedon acquired 3,859 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average cost of GBX 190 ($2.45) per share, with a total value of £7,332.10 ($9,458.33).

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 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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