Barclays (LON:BARC) Price Target Cut to GBX 180 by Analysts at Morgan Stanley

Barclays (LON:BARC) had its price objective decreased by research analysts at Morgan Stanley from GBX 200 ($2.61) to GBX 180 ($2.35) in a research note issued to investors on Wednesday, June 5th, MarketBeat Ratings reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 20.16% from the company’s previous close.

A number of other brokerages also recently issued reports on BARC. Credit Suisse Group set a GBX 190 ($2.48) price target on Barclays and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Bank of America downgraded Barclays to a “neutral” rating in a report on Thursday, April 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 280 ($3.66) price target (up from GBX 263 ($3.44)) on shares of Barclays in a report on Tuesday, April 16th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, February 21st. Finally, UBS Group set a GBX 235 ($3.07) price target on Barclays and gave the stock a “buy” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Barclays currently has an average rating of “Buy” and a consensus target price of GBX 212.50 ($2.78).

LON:BARC traded down GBX 0.20 ($0.00) during midday trading on Wednesday, reaching GBX 149.80 ($1.96). The company had a trading volume of 27,885,051 shares, compared to its average volume of 50,310,000. The firm has a market cap of $25.82 billion and a price-to-earnings ratio of 7.76. The business’s fifty day simple moving average is GBX 152.09. Barclays has a 12-month low of GBX 145 ($1.89) and a 12-month high of GBX 197.50 ($2.58).

In related news, insider Crawford S. Gillies purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of GBX 158 ($2.06) per share, for a total transaction of £47,400 ($61,936.50).

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 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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