Barclays (LON:BARC) Given Sell Rating at Citigroup

Citigroup reiterated their sell rating on shares of Barclays (LON:BARC) in a report issued on Thursday, November 7th, Digital Look reports.

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Other research analysts have also recently issued research reports about the company. HSBC dropped their price target on Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a buy rating on the stock in a research report on Thursday, August 15th. Berenberg Bank reissued a buy rating and set a GBX 220 ($2.87) price objective on shares of Barclays in a report on Friday, October 25th. Societe Generale reissued a buy rating on shares of Barclays in a report on Tuesday, September 10th. Jefferies Financial Group reissued a buy rating and set a GBX 209 ($2.73) price objective on shares of Barclays in a report on Monday, October 14th. Finally, Shore Capital reaffirmed a buy rating on shares of Barclays in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 199.45 ($2.61).

Shares of LON BARC traded up GBX 0.64 ($0.01) during trading on Thursday, reaching GBX 170.74 ($2.23). 26,795,954 shares of the stock traded hands, compared to its average volume of 50,310,000. Barclays has a 52-week low of GBX 131.04 ($1.71) and a 52-week high of GBX 173.30 ($2.26). The company has a 50-day moving average of GBX 160.72 and a 200-day moving average of GBX 153.94. The stock has a market capitalization of $29.38 billion and a P/E ratio of 16.90.

In other news, insider Dawn Fitzpatrick bought 473,406 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average price of GBX 170 ($2.22) per share, for a total transaction of £804,790.20 ($1,051,600.94).

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including 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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