Barclays (BARC) Given a GBX 212 Price Target at Macquarie

Barclays (LON:BARC) has been assigned a GBX 212 ($2.93) target price by analysts at Macquarie in a research report issued on Friday, March 9th. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Macquarie’s price objective points to a potential upside of 2.66% from the company’s previous close.

A number of other brokerages also recently issued reports on BARC. Goldman Sachs raised Barclays to a “neutral” rating and lifted their price target for the stock from GBX 190 ($2.63) to GBX 210 ($2.90) in a report on Thursday, March 8th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 234 ($3.23) price target on shares of Barclays in a report on Monday, February 5th. Citigroup reiterated a “sell” rating on shares of Barclays in a research report on Monday, February 12th. JPMorgan Chase set a GBX 250 ($3.45) target price on Barclays and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Jefferies Group set a GBX 205 ($2.83) price target on Barclays and gave the company a “neutral” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 226.42 ($3.13).

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LON:BARC remained flat at $GBX 206.50 ($2.85) during midday trading on Friday. Barclays has a twelve month low of GBX 177.30 ($2.45) and a twelve month high of GBX 235.35 ($3.25).

In related news, insider Mike Turner purchased 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of GBX 210 ($2.90) per share, for a total transaction of £21,000 ($29,013.54).

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About Barclays

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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