Barclays (LON:BARC) Stock Rating Reaffirmed by Citigroup

Barclays (LON:BARC)‘s stock had its “sell” rating reaffirmed by analysts at Citigroup in a note issued to investors on Thursday, Digital Look reports.

Several other equities analysts also recently weighed in on BARC. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Friday, October 25th. Deutsche Bank raised their price target on Barclays from GBX 170 ($2.22) to GBX 205 ($2.68) and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 209 ($2.73) price target on shares of Barclays in a research report on Monday, October 14th. Berenberg Bank reissued a “buy” rating and set a GBX 220 ($2.87) price target on shares of Barclays in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price target on Barclays from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the stock an “equal weight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Barclays presently has an average rating of “Hold” and a consensus price target of GBX 197.64 ($2.58).

LON BARC traded down GBX 3.60 ($0.05) during mid-day trading on Thursday, hitting GBX 166.44 ($2.17). The stock had a trading volume of 32,194,960 shares, compared to its average volume of 50,310,000. The company has a 50 day simple moving average of GBX 158.35 and a 200 day simple moving average of GBX 153.92. The company has a market cap of $28.74 billion and a price-to-earnings ratio of 16.48. Barclays has a 52-week low of GBX 131.04 ($1.71) and a 52-week high of GBX 180 ($2.35).

In other Barclays news, insider Dawn Fitzpatrick acquired 473,406 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of GBX 170 ($2.22) per share, for a total transaction of £804,790.20 ($1,051,600.94).

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.

Recommended Story: How does a margin account work?

Analyst Recommendations for Barclays (LON:BARC)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.