Morgan Stanley downgraded shares of Barclays (LON:BARC) to an equal weight rating in a research note released on Wednesday morning. They currently have GBX 215 ($2.92) target price on the financial services provider’s stock, down from their previous target price of GBX 230 ($3.12).
A number of other equities analysts also recently weighed in on the company. UBS Group set a GBX 220 ($2.98) price target on Barclays and gave the stock a buy rating in a research report on Monday, November 6th. Credit Suisse Group reissued an outperform rating and set a GBX 230 ($3.12) price target on shares of Barclays in a research report on Thursday, November 16th. Deutsche Bank lowered their price target on Barclays from GBX 226 ($3.06) to GBX 210 ($2.85) and set a buy rating on the stock in a research report on Monday, November 6th. Royal Bank of Canada set a GBX 215 ($2.92) price target on Barclays and gave the stock a neutral rating in a research report on Monday, December 18th. Finally, Goldman Sachs Group set a GBX 170 ($2.31) price target on Barclays and gave the stock a sell rating in a research report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Barclays has an average rating of Hold and an average price target of GBX 217.89 ($2.95).
Shares of Barclays (BARC) traded down GBX 1.60 ($0.02) during midday trading on Wednesday, reaching GBX 194.50 ($2.64). The company’s stock had a trading volume of 62,954,316 shares, compared to its average volume of 34,320,000. The firm has a market capitalization of $33,180.00 and a P/E ratio of 1,768.18. Barclays has a 1 year low of GBX 177.30 ($2.40) and a 1 year high of GBX 244.40 ($3.31).
Barclays Company Profile
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