Barclays (LON:BARC) Given New GBX 205 Price Target at Jefferies Group

Barclays (LON:BARC) had its price objective cut by analysts at Jefferies Group from GBX 216 ($2.91) to GBX 205 ($2.76) in a research report issued on Thursday, December 7th. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Group’s target price would suggest a potential upside of 0.89% from the stock’s previous close.

Several other research analysts have also recently commented on BARC. UBS set a GBX 235 ($3.16) target price on Barclays and gave the stock a “buy” rating in a research note on Monday, September 4th. Deutsche Bank upped their price objective on Barclays from GBX 229 ($3.08) to GBX 231 ($3.11) and gave the stock a “buy” rating in a research report on Monday, September 4th. set a GBX 250 ($3.36) price objective on Barclays and gave the stock a “buy” rating in a research report on Friday, August 11th. J P Morgan Chase & Co set a GBX 240 ($3.23) target price on Barclays and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Societe Generale reissued 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, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Barclays currently has an average rating of “Buy” and a consensus target price of GBX 217.89 ($2.93).

Barclays (BARC) opened at GBX 203.20 ($2.73) on Thursday. Barclays has a 1 year low of GBX 177.30 ($2.39) and a 1 year high of GBX 244.40 ($3.29).

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

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