Barclays (BARC) PT Set at GBX 240 by Credit Suisse Group

Barclays (LON:BARC) has been given a GBX 240 ($3.13) price target by investment analysts at Credit Suisse Group in a report released on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 37.05% from the company’s current price.

BARC has been the topic of a number of other research reports. JPMorgan Chase & Co. set a GBX 250 ($3.26) price objective on Barclays and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Deutsche Bank set a GBX 239 ($3.11) price objective on Barclays and gave the stock a “buy” rating in a research note on Thursday, August 9th. UBS Group set a GBX 240 ($3.13) price objective on Barclays and gave the stock a “buy” rating in a research note on Monday, June 11th. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, August 2nd. Finally, Societe Generale restated a “buy” rating and set a GBX 250 ($3.26) price objective on shares of Barclays in a research note on Monday, September 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 227.68 ($2.97).

Barclays stock opened at GBX 175.12 ($2.28) on Monday. Barclays has a one year low of GBX 177.30 ($2.31) and a one year high of GBX 235.35 ($3.07).

In other news, insider Mary Anne Citrino acquired 2,000 shares of Barclays stock in a transaction that occurred on Tuesday, September 11th. The shares were acquired at an average price of GBX 176 ($2.29) per share, for a total transaction of £3,520 ($4,585.12). Also, insider Mike Turner acquired 50,000 shares of Barclays stock in a transaction that occurred on Friday, August 3rd. The shares were purchased at an average price of GBX 190 ($2.47) per share, for a total transaction of £95,000 ($123,746.26). In the last quarter, insiders bought 55,859 shares of company stock worth $10,585,210.

Barclays Company Profile

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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