HSBC Analysts Give Barclays (LON:BARC) a GBX 220 Price Target

HSBC set a GBX 220 ($2.87) target price on Barclays (LON:BARC) in a research report report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a report on Tuesday, June 11th. Royal Bank of Canada reiterated a buy rating on shares of OceanaGold in a report on Friday, July 5th. Berenberg Bank reiterated a buy rating and set a GBX 220 ($2.87) target price on shares of Barclays in a report on Monday, April 29th. Goldman Sachs Group began coverage on shares of Taylor Wimpey in a report on Wednesday, June 12th. They set a buy rating for the company. Finally, Jefferies Financial Group lowered their target price on shares of Seres Therapeutics from $6.00 to $4.00 and set a hold rating for the company in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 212.29 ($2.77).

BARC stock opened at GBX 157.20 ($2.05) on Tuesday. The firm’s 50 day simple moving average is GBX 151.61. Barclays has a 52-week low of GBX 145 ($1.89) and a 52-week high of GBX 197.50 ($2.58). The stock has a market capitalization of $27.11 billion and a price-to-earnings ratio of 8.15.

In other news, insider Crawford S. Gillies purchased 30,000 shares of Barclays stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of GBX 158 ($2.06) per share, with a total value of £47,400 ($61,936.50).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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