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

Barclays (LON:BARC) had its target price trimmed by Deutsche Bank from GBX 215 ($2.81) to GBX 212 ($2.77) in a research note released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group lowered their price target on Seres Therapeutics from $6.00 to $4.00 and set a hold rating for the company in a report on Monday, July 1st. Bank of America raised Royal Bank of Scotland Group from an underperform rating to a neutral rating in a report on Thursday, April 18th. Royal Bank of Canada reaffirmed a buy rating on shares of OceanaGold in a report on Friday, July 5th. Credit Suisse Group set a GBX 190 ($2.48) price target on Barclays and gave the company a neutral rating in a report on Tuesday, March 19th. Finally, Morgan Stanley upped their price target on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Barclays presently has a consensus rating of Buy and a consensus target price of GBX 212.29 ($2.77).

Shares of BARC opened at GBX 157.20 ($2.05) on Friday. The company has a 50 day simple moving average of GBX 151.61. The firm has a market capitalization of $27.11 billion and a P/E ratio of 8.15. Barclays has a 52-week low of GBX 145 ($1.89) and a 52-week high of GBX 197.50 ($2.58).

In other news, insider Crawford S. Gillies acquired 30,000 shares of Barclays stock in a transaction on Thursday, May 9th. The stock was bought at an average price of GBX 158 ($2.06) per share, for a total transaction 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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