Barclays (LON:BARC) Given “Buy” Rating at UBS Group

Barclays (LON:BARC)‘s stock had its “buy” rating reiterated by research analysts at UBS Group in a research note issued on Friday, Borsen Zeitung reports. They presently have a GBX 200 ($2.61) target price on the financial services provider’s stock, down from their previous target price of GBX 220 ($2.87). UBS Group’s target price points to a potential upside of 27.29% from the company’s previous close.

A number of other brokerages also recently issued reports on BARC. JPMorgan Chase & Co. set a €50.00 ($58.14) price target on shares of Brenntag and gave the stock a “buy” rating in a report on Tuesday, July 16th. Goldman Sachs Group started coverage on shares of Taylor Wimpey in a report on Wednesday, June 12th. They issued a “buy” rating on the stock. HSBC set a €6.90 ($8.02) price target on shares of Deutsche Bank and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, April 25th. Finally, Deutsche Bank raised their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 210.86 ($2.76).

Shares of Barclays stock opened at GBX 157.12 ($2.05) on Friday. Barclays has a 12-month low of GBX 145 ($1.89) and a 12-month high of GBX 197.50 ($2.58). The stock has a market capitalization of $27.10 billion and a P/E ratio of 8.14. The stock has a 50-day moving average price of GBX 152.56.

In other Barclays news, insider Crawford S. Gillies purchased 30,000 shares of Barclays stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of GBX 158 ($2.06) per share, for a total transaction of £47,400 ($61,936.50).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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