Barclays (LON:BARC) Receives “Sell” Rating from Citigroup

Citigroup reissued their sell rating on shares of Barclays (LON:BARC) in a research note issued to investors on Thursday, Digital Look reports.

BARC has been the topic of a number of other research reports. Societe Generale reiterated a buy rating on shares of Barclays in a report on Tuesday, September 10th. Morgan Stanley upped their target price on Barclays from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the company an equal weight rating in a report on Monday, October 28th. Jefferies Financial Group reiterated a buy rating and issued a GBX 209 ($2.73) target price on shares of Barclays in a report on Monday, October 14th. Royal Bank of Canada upped their target price on Barclays from GBX 170 ($2.22) to GBX 190 ($2.48) and gave the company a sector performer rating in a report on Monday, October 28th. Finally, UBS Group reiterated a buy rating and issued a GBX 190 ($2.48) target price on shares of Barclays in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 197.64 ($2.58).

Shares of BARC traded down GBX 3.60 ($0.05) during trading hours on Thursday, reaching GBX 166.44 ($2.17). The company’s stock had a trading volume of 32,194,960 shares, compared to its average volume of 50,310,000. The firm has a market cap of $28.74 billion and a price-to-earnings ratio of 16.48. Barclays has a 1-year low of GBX 131.04 ($1.71) and a 1-year high of GBX 180 ($2.35). The company has a 50 day moving average of GBX 158.35 and a two-hundred day moving average of GBX 153.92.

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

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

See Also: Buyback For Investors Defined

Analyst Recommendations for Barclays (LON:BARC)

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