Jefferies Group Trims Barclays (BARC) Target Price to GBX 205

Barclays (LON:BARC) had its price target trimmed by Jefferies Group from GBX 216 ($2.91) to GBX 205 ($2.76) in a report published on Thursday. The firm currently has a hold rating on the financial services provider’s stock.

Several other brokerages have also commented on BARC. J P Morgan Chase & Co set a GBX 240 ($3.23) price objective on shares of Barclays and gave the stock a buy rating in a report on Thursday, August 10th. set a GBX 250 ($3.36) price target on shares of Barclays and gave the stock a buy rating in a research note on Friday, August 11th. Morgan Stanley set a GBX 230 ($3.10) price target on shares of Barclays and gave the stock a neutral rating in a research note on Wednesday, October 25th. UBS set a GBX 235 ($3.16) price target on shares of Barclays and gave the stock a buy rating in a research note on Friday, August 18th. Finally, Shore Capital reissued a buy rating on shares of Barclays in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 217.89 ($2.93).

Barclays (BARC) opened at GBX 196.40 ($2.64) on Thursday. Barclays has a 1-year low of GBX 177.30 ($2.39) and a 1-year high of GBX 244.40 ($3.29).

In other Barclays news, insider Tristram Roberts purchased 74,869 shares of the stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of GBX 192 ($2.58) per share, for a total transaction of £143,748.48 ($193,470.36). Also, insider Matthew Lester bought 10,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average price of GBX 192 ($2.58) per share, with a total value of £19,200 ($25,841.18). In the last quarter, insiders purchased 114,869 shares of company stock worth $21,784,848.

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