Barclays’ (BARC) “Equal Weight” Rating Reiterated at Morgan Stanley

Barclays (LON:BARCGet Rating)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a note issued to investors on Wednesday, MarketBeat.com reports.

Several other equities analysts have also weighed in on BARC. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, April 21st. Berenberg Bank reiterated a “buy” rating and issued a GBX 260 ($3.21) target price on shares of Barclays in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 240 ($2.96) target price on shares of Barclays in a report on Thursday, February 24th. The Goldman Sachs Group set a GBX 270 ($3.33) target price on shares of Barclays in a report on Thursday, April 28th. Finally, Credit Suisse Group set a GBX 240 ($2.96) target price on shares of Barclays in a report on Friday, April 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 243.44 ($3.00).

Shares of LON BARC opened at GBX 146.76 ($1.81) on Wednesday. The company’s 50 day simple moving average is GBX 153.84 and its 200 day simple moving average is GBX 180.13. Barclays has a fifty-two week low of GBX 140.06 ($1.73) and a fifty-two week high of GBX 219.60 ($2.71). The firm has a market capitalization of £24.60 billion and a P/E ratio of 4.17.

Barclays Company Profile (Get Rating)

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

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