Barclays (BARC) Given a GBX 230 Price Target by Morgan Stanley Analysts

Barclays (LON:BARC) has been assigned a GBX 230 ($3.10) price target by equities researchers at Morgan Stanley in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 13.44% from the stock’s current price.

Several other research analysts have also commented on the company. Goldman Sachs Group reaffirmed a “sell” rating on shares of Barclays in a research report on Wednesday, September 6th. Deutsche Bank lifted their price target on Barclays from GBX 229 ($3.08) to GBX 231 ($3.11) and gave the stock a “buy” rating in a research report on Monday, September 4th. UBS set a GBX 220 ($2.96) price target on Barclays and gave the stock a “buy” rating in a research report on Monday, November 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 230 ($3.10) price target on shares of Barclays in a research report on Thursday, November 16th. Finally, reaffirmed a “buy” rating and set a GBX 240 ($3.23) price target on shares of Barclays in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 217.89 ($2.93).

Barclays (LON:BARC) opened at GBX 202.75 ($2.73) on Wednesday. Barclays has a 12-month low of GBX 177.30 ($2.39) and a 12-month high of GBX 244.40 ($3.29).

In other news, insider Tristram Roberts bought 74,869 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were bought at an average cost of GBX 192 ($2.58) per share, for a total transaction of £143,748.48 ($193,470.36). Also, insider Ian Cheshire bought 30,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of GBX 183 ($2.46) per share, for a total transaction of £54,900 ($73,889.64).

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