Barclays’ (BARC) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Barclays (LON:BARC) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research analysts also recently commented on the company. Royal Bank of Canada restated a neutral rating and set a GBX 110 ($1.40) price objective on shares of Barclays in a report on Wednesday, June 3rd. Jefferies Financial Group lifted their price objective on Barclays from GBX 206 ($2.62) to GBX 212 ($2.70) and gave the company a buy rating in a report on Monday, June 22nd. Citigroup upped their price objective on shares of Barclays from GBX 106 ($1.35) to GBX 108 ($1.37) and gave the stock a neutral rating in a research note on Monday, May 4th. UBS Group set a GBX 140 ($1.78) price objective on shares of Barclays and gave the company a buy rating in a research note on Monday, June 22nd. Finally, Morgan Stanley cut their price objective on shares of Barclays from GBX 135 ($1.72) to GBX 120 ($1.53) and set an equal weight rating on the stock in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 157.36 ($2.00).

Barclays stock opened at GBX 110.98 ($1.41) on Wednesday. The company has a market capitalization of $19.25 billion and a PE ratio of 9.57. The company has a 50 day moving average price of GBX 113.20 and a 200-day moving average price of GBX 136.11. Barclays has a fifty-two week low of GBX 73.04 ($0.93) and a fifty-two week high of GBX 192.99 ($2.46).

About Barclays

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: What Are Treasury Bonds?

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.