Morgan Stanley Reiterates GBX 225 Price Target for Barclays (BARC)

Barclays (LON:BARC) received a GBX 225 ($3.14) price target from investment analysts at Morgan Stanley in a report released on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 5.12% from the stock’s previous close.

BARC has been the subject of a number of other research reports. Goldman Sachs raised shares of Barclays to a “neutral” rating and raised their price target for the company from GBX 190 ($2.65) to GBX 210 ($2.93) in a report on Thursday, March 8th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 234 ($3.26) target price on shares of Barclays in a report on Monday, February 5th. JPMorgan Chase reaffirmed an “overweight” rating and set a GBX 250 ($3.49) target price on shares of Barclays in a report on Tuesday, April 3rd. Citigroup reaffirmed a “sell” rating on shares of Barclays in a report on Monday, February 12th. Finally, Berenberg Bank raised shares of Barclays to a “hold” rating in a report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 229.50 ($3.20).

Shares of Barclays stock opened at GBX 214.05 ($2.99) on Thursday. Barclays has a fifty-two week low of GBX 177.30 ($2.47) and a fifty-two week high of GBX 235.35 ($3.28).



In related news, insider Mike Turner acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of GBX 210 ($2.93) per share, with a total value of £21,000 ($29,288.70).

COPYRIGHT VIOLATION WARNING: “Morgan Stanley Reiterates GBX 225 Price Target for Barclays (BARC)” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://stocknewstimes.com/2018/04/26/morgan-stanley-reiterates-gbx-225-price-target-for-barclays-barc.html.

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)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply