Barclays (LON:BARC) Rating Reiterated by Citigroup

Citigroup restated their top pick rating on shares of Barclays (LON:BARC) in a research note released on Monday morning, Marketbeat.com reports.

A number of other brokerages have also recently commented on BARC. Peel Hunt began coverage on Barclays in a report on Friday, April 19th. They set a buy rating and a GBX 245 ($3.14) target price for the company. Royal Bank of Canada lowered their target price on Barclays from GBX 260 ($3.33) to GBX 250 ($3.20) and set an outperform rating for the company in a report on Thursday, June 13th. Berenberg Bank restated a buy rating and set a GBX 280 ($3.59) target price on shares of Barclays in a report on Thursday, May 16th. JPMorgan Chase & Co. raised their target price on Barclays from GBX 240 ($3.07) to GBX 270 ($3.46) and gave the company an overweight rating in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group restated a buy rating and set a GBX 335 ($4.29) target price on shares of Barclays in a report on Tuesday, May 21st. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of GBX 276 ($3.54).

Barclays Trading Up 1.3 %

LON BARC opened at GBX 219.55 ($2.81) on Monday. The stock has a market cap of £32.82 billion, a PE ratio of 844.42, a P/E/G ratio of -1.09 and a beta of 1.35. Barclays has a twelve month low of GBX 128.12 ($1.64) and a twelve month high of GBX 226.20 ($2.90). The stock has a fifty day simple moving average of GBX 212.60 and a 200-day simple moving average of GBX 182.48.

Insider Activity

In other news, insider Anna Cross sold 53,422 shares of Barclays stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.60), for a total value of £108,446.66 ($138,909.52). Company insiders own 1.43% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.