Morgan Stanley Reiterates GBX 230 Price Target for Barclays (BARC)

Morgan Stanley set a GBX 230 ($3.10) target price on Barclays (LON:BARC) in a research note released on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. UBS set a GBX 235 ($3.16) price objective on shares of Barclays and gave the stock a buy rating in a report on Monday, September 4th. Deutsche Bank boosted their price objective on shares of Barclays from GBX 229 ($3.08) to GBX 231 ($3.11) and gave the stock a buy rating in a report on Monday, September 4th. Societe Generale reiterated a buy rating on shares of Barclays in a report on Monday, September 11th. reiterated a buy rating and issued a GBX 250 ($3.36) price objective on shares of Barclays in a report on Monday, September 18th. Finally, Credit Suisse Group set a GBX 230 ($3.10) price objective on shares of Barclays and gave the stock a buy rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 217.89 ($2.93).

Shares of Barclays (BARC) traded down GBX 0.45 ($0.01) during mid-day trading on Wednesday, reaching GBX 202.25 ($2.72). 68,863,272 shares of the company’s stock were exchanged, compared to its average volume of 49,140,000. Barclays has a 52-week low of GBX 177.30 ($2.39) and a 52-week high of GBX 244.40 ($3.29).

In other news, insider Tristram Roberts bought 74,869 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was purchased at an average price of GBX 192 ($2.58) per share, for a total transaction of £143,748.48 ($193,470.36). Also, insider Ian Cheshire bought 30,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was purchased at an average price of GBX 183 ($2.46) per share, with a total value of £54,900 ($73,889.64).

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