Barclays (LON:BARC) Given “Top Pick” Rating at Citigroup

Barclays (LON:BARCGet Free Report)‘s stock had its “top pick” rating reiterated by research analysts at Citigroup in a research report issued to clients and investors on Monday, Digital Look reports.

A number of other research analysts also recently commented on the company. Peel Hunt initiated coverage on Barclays in a report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.10) target price on the stock. JPMorgan Chase & Co. raised their price objective on Barclays from GBX 240 ($3.04) to GBX 270 ($3.42) and gave the stock an “overweight” rating in a research note on Wednesday, July 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 335 ($4.24) target price on shares of Barclays in a research note on Tuesday, May 21st. Berenberg Bank reissued a “buy” rating and set a GBX 280 ($3.54) target price on shares of Barclays in a report on Thursday, May 16th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 276 ($3.49).

Read Our Latest Analysis on Barclays

Barclays Price Performance

LON:BARC opened at GBX 224.35 ($2.84) on Monday. The stock has a market cap of £33.54 billion, a P/E ratio of 862.88, a PEG ratio of -1.09 and a beta of 1.35. Barclays has a 1-year low of GBX 128.12 ($1.62) and a 1-year high of GBX 226.20 ($2.86). The firm has a 50-day moving average of GBX 211.63 and a two-hundred day moving average of GBX 181.06.

Insider Transactions at Barclays

In related 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 ($2.57), for a total value of £108,446.66 ($137,170.07). Corporate insiders own 1.43% of the company’s stock.

About Barclays

(Get Free Report)

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.

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Analyst Recommendations for Barclays (LON:BARC)

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