Royal Bank of Canada Reaffirms Sector Performer Rating for Barclays (BARC)

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Barclays (LON:BARC)‘s stock had its “sector performer” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, October 24th, MarketBeat reports. They presently have a GBX 220 ($2.87) price target on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 26.54% from the company’s current price.

A number of other analysts have also weighed in on the stock. HSBC upped their price target on shares of Barclays from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the stock a “buy” rating in a research note on Friday, August 17th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 239 ($3.12) price target (up from GBX 236 ($3.08)) on shares of Barclays in a research note on Friday, August 3rd. Citigroup reaffirmed a “sell” rating on shares of Barclays in a research note on Wednesday, September 5th. Goldman Sachs Group set a GBX 215 ($2.81) price target on shares of Barclays and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. set a GBX 250 ($3.27) price target on shares of Barclays and gave the stock a “buy” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 226.12 ($2.95).

Shares of LON:BARC opened at GBX 173.86 ($2.27) on Wednesday. Barclays has a twelve month low of GBX 177.30 ($2.32) and a twelve month high of GBX 235.35 ($3.08).

In other Barclays news, insider James E. Staley bought 168,860 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was acquired at an average cost of GBX 174 ($2.27) per share, with a total value of £293,816.40 ($383,923.17). Also, insider Mary Anne Citrino bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were acquired at an average cost of GBX 176 ($2.30) per share, with a total value of £3,520 ($4,599.50).

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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