Shore Capital Reiterates Buy Rating for Barclays (BARC)

Shore Capital restated their buy rating on shares of Barclays (LON:BARC) in a research report sent to investors on Friday. They currently have a GBX 214 ($2.98) price target on the financial services provider’s stock.

A number of other research firms also recently commented on BARC. Morgan Stanley upped their price objective on Barclays from GBX 215 ($3.00) to GBX 225 ($3.14) and gave the company an equal weight rating in a report on Tuesday, February 27th. Goldman Sachs set a GBX 220 ($3.07) price objective on Barclays and gave the company a neutral rating in a report on Friday. Deutsche Bank reiterated a buy rating on shares of Barclays in a report on Wednesday, April 4th. Investec downgraded Barclays to a hold rating and upped their price objective for the company from GBX 215 ($3.00) to GBX 225 ($3.14) in a report on Tuesday, March 20th. Finally, UBS upped their price objective on Barclays from GBX 225 ($3.14) to GBX 245 ($3.42) and gave the company a buy rating in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 229.55 ($3.20).

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BARC stock opened at GBX 216.35 ($3.02) on Friday. Barclays has a twelve month low of GBX 177.30 ($2.47) and a twelve month high of GBX 235.35 ($3.28).

The firm also recently declared a dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 1st were issued a GBX 2 ($0.03) dividend. This is an increase from Barclays’s previous dividend of $1.00. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, March 1st.

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 ($2.93) per share, for a total transaction of £21,000 ($29,288.70).

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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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