Deutsche Bank Lowers Barclays (LON:BARC) Price Target to GBX 212

Barclays (LON:BARC) had its price target dropped by Deutsche Bank from GBX 215 ($2.81) to GBX 212 ($2.77) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price objective suggests a potential upside of 34.86% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating on shares of OceanaGold in a research report on Friday, July 5th. Goldman Sachs Group initiated coverage on Taylor Wimpey in a research report on Wednesday, June 12th. They set a “buy” rating for the company. UBS Group reissued a “buy” rating and set a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Jefferies Financial Group cut their price objective on Seres Therapeutics from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Monday, July 1st. Finally, Morgan Stanley raised their price objective on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Barclays currently has an average rating of “Buy” and a consensus price target of GBX 212.29 ($2.77).

Shares of LON:BARC opened at GBX 157.20 ($2.05) on Friday. The business’s 50-day simple moving average is GBX 151.61. The firm has a market cap of $27.11 billion and a P/E ratio of 8.15. Barclays has a 12-month low of GBX 145 ($1.89) and a 12-month high of GBX 197.50 ($2.58).

In other news, insider Crawford S. Gillies bought 30,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was bought at an average cost of GBX 158 ($2.06) per share, with a total value of £47,400 ($61,936.50).

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.

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Analyst Recommendations for Barclays (LON:BARC)

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