Barclays (BARC) Rating Increased to Hold at Berenberg Bank

Barclays (LON:BARC) was upgraded by equities researchers at Berenberg Bank to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts have also issued reports on BARC. Morgan Stanley lowered Barclays to an “equal weight” rating and cut their price target for the company from GBX 230 ($3.29) to GBX 215 ($3.08) in a research note on Wednesday, January 10th. Goldman Sachs set a GBX 175 ($2.51) price target on Barclays and gave the company a “sell” rating in a research note on Wednesday, January 17th. Deutsche Bank upped their price target on Barclays from GBX 210 ($3.01) to GBX 234 ($3.35) and gave the company a “buy” rating in a research note on Friday, January 26th. HSBC reaffirmed a “buy” rating and set a GBX 240 ($3.44) price target on shares of Barclays in a research note on Monday, January 29th. Finally, JPMorgan Chase reaffirmed an “overweight” rating on shares of Barclays in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 230.37 ($3.30).

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Shares of BARC opened at GBX 214.89 ($3.08) on Friday. Barclays has a 12-month low of GBX 177.30 ($2.54) and a 12-month high of GBX 235.35 ($3.37).

In other Barclays news, insider Mike Turner purchased 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of GBX 210 ($3.01) per share, for a total transaction of £21,000 ($30,068.73).

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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.

Analyst Recommendations for Barclays (LON:BARC)

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