Barclays (BARC) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Barclays (LON:BARC) in a research report report published on Wednesday. The brokerage currently has a GBX 200 ($2.68) price objective on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on the company. UBS set a GBX 235 ($3.15) price objective on Barclays and gave the stock a buy rating in a research note on Monday, September 4th. Deutsche Bank increased their price objective on Barclays from GBX 229 ($3.07) to GBX 231 ($3.09) and gave the company a buy rating in a report on Monday, September 4th. set a GBX 250 ($3.35) target price on Barclays and gave the company a buy rating in a report on Friday, August 11th. J P Morgan Chase & Co set a GBX 240 ($3.21) target price on Barclays and gave the company a buy rating in a report on Thursday, August 10th. Finally, Societe Generale reaffirmed a buy rating on shares of Barclays in a report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Barclays currently has a consensus rating of Hold and an average price target of GBX 218.47 ($2.93).

Shares of Barclays (BARC) opened at GBX 191.44 ($2.56) on Wednesday. Barclays has a fifty-two week low of GBX 177.30 ($2.37) and a fifty-two week high of GBX 267.32 ($3.58).

In other news, insider Tristram Roberts purchased 74,869 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 192 ($2.57) per share, for a total transaction of £143,748.48 ($192,511.69). Also, insider Ian Cheshire purchased 30,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was purchased at an average price of GBX 183 ($2.45) per share, for a total transaction of £54,900 ($73,523.50). Over the last three months, insiders acquired 114,869 shares of company stock valued at $21,784,848.

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