Barclays (LON:BARC) Rating Reiterated by Citigroup

Citigroup reissued their top pick rating on shares of Barclays (LON:BARC) in a research note issued to investors on Monday, Marketbeat Ratings reports.

BARC has been the topic of a number of other reports. Royal Bank of Canada lowered their price target on Barclays from GBX 260 ($3.33) to GBX 250 ($3.20) and set an outperform rating on the stock in a report on Thursday, June 13th. Berenberg Bank restated a buy rating and set a GBX 280 ($3.59) target price on shares of Barclays in a research report on Thursday, May 16th. Jefferies Financial Group reiterated a buy rating and issued a GBX 335 ($4.29) price target on shares of Barclays in a report on Tuesday, May 21st. Shore Capital reissued a buy rating on shares of Barclays in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. lifted their target price on Barclays from GBX 240 ($3.07) to GBX 270 ($3.46) and gave the stock an overweight rating in a report on Wednesday, July 3rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Barclays currently has an average rating of Buy and an average target price of GBX 276 ($3.54).

Barclays Trading Up 1.4 %

Shares of LON:BARC opened at GBX 222.60 ($2.85) on Monday. The stock has a 50 day moving average of GBX 213.04 and a 200 day moving average of GBX 182.76. The company has a market cap of £33.28 billion, a PE ratio of 856.15, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35. Barclays has a 12-month low of GBX 128.12 ($1.64) and a 12-month high of GBX 226.20 ($2.90).

Insiders Place Their Bets

In other news, insider Anna Cross sold 53,422 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.60), for a total transaction of £108,446.66 ($138,909.52). 1.43% of the stock is currently owned by insiders.

About Barclays

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