Barclays (LON:BARC) Cut to “Equal weight” at Morgan Stanley

Morgan Stanley lowered shares of Barclays (LON:BARC) to an equal weight rating in a report released on Wednesday, January 10th. Morgan Stanley currently has GBX 215 ($2.92) price target on the financial services provider’s stock, down from their previous price target of GBX 230 ($3.12).

BARC has been the topic of a number of other research reports. UBS Group set a GBX 235 ($3.19) price objective on shares of Barclays and gave the stock a buy rating in a research report on Monday, September 25th. Goldman Sachs Group reaffirmed a sell rating on shares of Barclays in a research report on Sunday, September 24th. reaffirmed a buy rating and issued a GBX 250 ($3.39) price objective on shares of Barclays in a research report on Monday, September 18th. Shore Capital reissued a buy rating on shares of Barclays in a research report on Thursday, October 26th. Finally, HSBC reissued a buy rating and set a GBX 240 ($3.25) target price on shares of Barclays in a research report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 218.16 ($2.96).

Barclays (LON:BARC) traded up GBX 1.20 ($0.02) during midday trading on Wednesday, reaching GBX 200.50 ($2.72). 47,896,486 shares of the company’s stock were exchanged, compared to its average volume of 33,140,000. The stock has a market cap of $34,210.00 and a P/E ratio of 1,822.73. Barclays has a 1-year low of GBX 177.30 ($2.40) and a 1-year high of GBX 244.40 ($3.31).

In other Barclays news, insider Ian Cheshire purchased 30,000 shares of Barclays stock in a transaction dated Friday, October 27th. The shares were acquired at an average price of GBX 183 ($2.48) per share, with a total value of £54,900 ($74,450.77).

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Barclays Company Profile

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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