Barclays (LON:BARC) Rating Reiterated by Royal Bank of Canada

Barclays (LON:BARC)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank of Canada in a research report issued on Monday, Analyst Ratings Network reports. They currently have a GBX 190 ($2.48) price target on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential downside of 6.31% from the stock’s current price.

BARC has been the subject of a number of other research reports. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, October 21st. Jefferies Financial Group set a GBX 315 ($4.12) price objective on shares of Barclays in a report on Thursday, September 30th. Credit Suisse Group set a GBX 220 ($2.87) price objective on shares of Barclays in a report on Tuesday, October 5th. UBS Group set a GBX 220 ($2.87) target price on shares of Barclays in a research report on Friday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Barclays in a research report on Tuesday, October 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 234.44 ($3.06).

Barclays stock opened at GBX 202.80 ($2.65) on Monday. The firm has a 50-day moving average price of GBX 185.94 and a 200-day moving average price of GBX 181.03. The firm has a market capitalization of £34.17 billion and a PE ratio of 6.48. Barclays has a 12-month low of GBX 101.16 ($1.32) and a 12-month high of GBX 210.45 ($2.75).

In other news, insider Tushar Morzaria sold 63,168 shares of Barclays stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of GBX 177 ($2.31), for a total value of £111,807.36 ($146,077.03).

Barclays Company Profile

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

Further Reading: Equity Income

Analyst Recommendations for Barclays (LON:BARC)

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