Barclays (BARC) Given a GBX 220 Price Target by Royal Bank of Canada Analysts

Barclays (LON:BARC) received a GBX 220 ($2.87) price objective from equities research analysts at Royal Bank of Canada in a report released on Thursday. The firm currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 39.93% from the company’s previous close.

A number of other research analysts have also weighed in on BARC. UBS Group set a GBX 235 ($3.07) price objective on Barclays and gave the company a “buy” rating in a report on Thursday, October 4th. Deutsche Bank set a GBX 240 ($3.14) price objective on Barclays and gave the company a “buy” rating in a report on Friday, October 12th. Cfra set a GBX 220 ($2.87) price objective on Barclays and gave the company a “buy” rating in a report on Wednesday, October 24th. Goldman Sachs Group set a GBX 215 ($2.81) price objective on Barclays and gave the company a “neutral” rating in a report on Tuesday, October 23rd. Finally, HSBC restated a “buy” rating and issued a GBX 270 ($3.53) price objective on shares of Barclays in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 222.75 ($2.91).

Shares of LON:BARC opened at GBX 157.22 ($2.05) on Thursday. Barclays has a 1 year low of GBX 177.30 ($2.32) and a 1 year high of GBX 235.35 ($3.08).

In related news, insider Michael Ashley purchased 33,890 shares of Barclays stock in a transaction dated Friday, December 21st. The shares were acquired at an average price of GBX 148 ($1.93) per share, for a total transaction of £50,157.20 ($65,539.27). Also, insider Tristram Roberts purchased 91,843 shares of Barclays stock in a transaction dated Friday, December 14th. The shares were bought at an average price of GBX 157 ($2.05) per share, for a total transaction of £144,193.51 ($188,414.36).

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.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for Barclays (LON:BARC)

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