Barclays (BARC) PT Set at GBX 230 by Credit Suisse Group
Credit Suisse Group set a GBX 230 ($3.08) price target on Barclays (LON:BARC) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the financial services provider’s stock.
Several other brokerages have also recently issued reports on BARC. Berenberg Bank restated a sell rating and issued a GBX 200 ($2.68) target price on shares of Barclays in a report on Monday, August 7th. J P Morgan Chase & Co set a GBX 240 ($3.21) target price on shares of Barclays and gave the stock a buy rating in a report on Thursday, August 10th. Deutsche Bank dropped their target price on shares of Barclays from GBX 230 ($3.08) to GBX 229 ($3.07) and set a buy rating on the stock in a report on Monday, July 31st. set a GBX 250 ($3.35) target price on shares of Barclays and gave the stock a buy rating in a report on Friday, August 11th. Finally, Goldman Sachs Group set a GBX 180 ($2.41) target price on shares of Barclays and gave the stock a sell rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 218.47 ($2.93).
Shares of Barclays (LON:BARC) opened at GBX 189.40 ($2.54) on Tuesday. Barclays has a fifty-two week low of GBX 177.30 ($2.37) and a fifty-two week high of GBX 267.32 ($3.58).
In related news, insider Ian Cheshire purchased 30,000 shares of Barclays stock in a transaction on Friday, October 27th. The shares were bought at an average cost of GBX 183 ($2.45) per share, for a total transaction of £54,900 ($73,523.50). Also, insider Tristram Roberts purchased 74,869 shares of Barclays stock in a transaction on Friday, September 29th. The stock was bought at an average price of GBX 192 ($2.57) per share, for a total transaction of £143,748.48 ($192,511.69). Over the last quarter, insiders acquired 114,869 shares of company stock worth $21,784,848.
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