Barclays’ (BARC) “Buy” Rating Reaffirmed at Deutsche Bank

Barclays (LON:BARC)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank in a research report issued on Monday, February 4th, MarketBeat.com reports. They presently have a GBX 207 ($2.70) price target on the financial services provider’s stock, down from their previous price target of GBX 207 ($2.70). Deutsche Bank’s price target would suggest a potential upside of 27.38% from the company’s previous close.

Several other research firms have also issued reports on BARC. Cfra set a GBX 220 ($2.87) price target on shares of Barclays and gave the company a “buy” rating in a research report on Wednesday, October 24th. Goldman Sachs Group set a GBX 215 ($2.81) price target on shares of Barclays and gave the company a “neutral” rating in a research report on Tuesday, October 23rd. UBS Group reaffirmed a “buy” rating and set a GBX 240 ($3.14) price objective on shares of Barclays in a research note on Thursday, November 29th. Royal Bank of Canada set a GBX 220 ($2.87) price objective on shares of Barclays and gave the company a “neutral” rating in a research note on Thursday, October 25th. Finally, Jefferies Financial Group raised shares of Barclays to a “buy” rating and lowered their price objective for the company from GBX 266 ($3.48) to GBX 262 ($3.42) in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 214.29 ($2.80).

LON BARC traded down GBX 1.66 ($0.02) during trading on Monday, hitting GBX 162.50 ($2.12). 37,978,418 shares of the company’s stock traded hands, compared to its average volume of 50,310,000. Barclays has a 12-month low of GBX 177.30 ($2.32) and a 12-month high of GBX 235.35 ($3.08).

In related news, insider Michael Ashley purchased 33,890 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The stock was bought at an average cost of GBX 148 ($1.93) per share, with a total value of £50,157.20 ($65,539.27). Also, insider Tristram Roberts purchased 91,843 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average cost of GBX 157 ($2.05) per share, with a total value of £144,193.51 ($188,414.36).

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 personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Analyst Recommendations for Barclays (LON:BARC)

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