Barclays (LON:BARC) Given Buy Rating at Berenberg Bank

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

A number of other analysts also recently commented on BARC. Royal Bank of Canada lowered their target price on Barclays from GBX 190 ($2.48) to GBX 185 ($2.42) and set a sector performer rating on the stock in a research note on Friday, November 22nd. Deutsche Bank raised their target price on Barclays from GBX 205 ($2.68) to GBX 208 ($2.72) and gave the stock a buy rating in a report on Friday. Goldman Sachs Group lifted their price target on Barclays from GBX 190 ($2.48) to GBX 210 ($2.74) and gave the company a neutral rating in a research report on Thursday, November 14th. Morgan Stanley reissued an equal weight rating on shares of Barclays in a report on Tuesday, November 19th. Finally, HSBC upped their price objective on Barclays from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the stock a buy rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 200.18 ($2.62).

Shares of BARC opened at GBX 168.20 ($2.20) on Monday. The business’s 50-day moving average is GBX 168.46 and its two-hundred day moving average is GBX 154.61. The company has a market capitalization of $29.21 billion and a P/E ratio of 16.65. Barclays has a fifty-two week low of GBX 131.04 ($1.71) and a fifty-two week high of GBX 174.02 ($2.27).

In other Barclays news, insider Dawn Fitzpatrick bought 473,406 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of GBX 170 ($2.22) per share, for a total transaction of £804,790.20 ($1,051,600.94).

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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