Barclays (BARC) Given a GBX 230 Price Target at Morgan Stanley
Morgan Stanley set a GBX 230 ($3.10) price target on Barclays (LON:BARC) in a research report released on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other equities analysts have also weighed in on BARC. Jefferies Group decreased their target price on shares of Barclays from GBX 216 ($2.91) to GBX 205 ($2.76) and set a hold rating on the stock in a report on Thursday, December 7th. reiterated a buy rating and issued a GBX 250 ($3.36) target price on shares of Barclays in a report on Thursday, September 28th. Citigroup reiterated a sell rating on shares of Barclays in a report on Wednesday, December 6th. UBS reiterated a buy rating on shares of Barclays in a report on Tuesday, November 28th. Finally, Berenberg Bank reiterated a hold rating and issued a GBX 200 ($2.69) target price on shares of Barclays in a report on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Barclays currently has a consensus rating of Buy and an average price target of GBX 217.89 ($2.93).
Shares of Barclays (BARC) traded up GBX 0.02 ($0.00) during midday trading on Wednesday, reaching GBX 202.70 ($2.73). 38,189,892 shares of the company traded hands, compared to its average volume of 50,410,000. Barclays has a one year low of GBX 177.30 ($2.39) and a one year high of GBX 244.40 ($3.29).
In related news, insider Tristram Roberts acquired 74,869 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 192 ($2.58) per share, for a total transaction of £143,748.48 ($193,470.36). Also, insider Ian Cheshire acquired 30,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was bought at an average price of GBX 183 ($2.46) per share, for a total transaction of £54,900 ($73,889.64).
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