Barclays (LON:BARC) Price Target Cut to GBX 220

Barclays (LON:BARC) had its price target reduced by HSBC from GBX 240 ($3.14) to GBX 220 ($2.87) in a research note published on Thursday, Borsen Zeitung reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on BARC. Berenberg Bank set a GBX 220 ($2.87) price target on Barclays and gave the company a buy rating in a research note on Friday, February 22nd. Shore Capital reissued a buy rating on shares of Barclays in a research note on Thursday, April 25th. Deutsche Bank dropped their price target on Barclays from GBX 216 ($2.82) to GBX 215 ($2.81) and set a buy rating on the stock in a research note on Friday, March 1st. JPMorgan Chase & Co. reissued an overweight rating on shares of Barclays in a research note on Friday, February 22nd. Finally, Jefferies Financial Group reissued a buy rating and issued a GBX 280 ($3.66) price target (up from GBX 263 ($3.44)) on shares of Barclays in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Barclays has an average rating of Buy and an average price target of GBX 215.36 ($2.81).

Shares of Barclays stock traded down GBX 0.76 ($0.01) during midday trading on Thursday, reaching GBX 148.76 ($1.94). The company had a trading volume of 9,915,903 shares, compared to its average volume of 50,310,000. The firm has a market cap of $25.68 billion and a P/E ratio of 7.71. Barclays has a fifty-two week low of GBX 145 ($1.89) and a fifty-two week high of GBX 201.45 ($2.63).

In other news, insider Crawford S. Gillies bought 30,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were bought at an average cost 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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