Barclays (LON:BARC) Receives Sector Perform Rating from Royal Bank of Canada

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Barclays (LON:BARC – Get a rating)The stock had its “sector performance” rating reiterated by equity research analysts at Royal Bank of Canada in a research note released on Tuesday, Marketbeat.com reports.

BARC has been the subject of several other research reports. JPMorgan Chase & Co. cut its price target on Barclays shares from 270 GBX ($3.51) to 220 GBX ($2.86) and set an ‘overweight’ rating on the stock in a report released on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a price target of GBX 240 ($3.12) on Barclays shares in a Thursday, February 24 research note. Morgan Stanley reaffirmed an “equal weight” rating on Barclays shares in a Wednesday, March 9 research note. UBS Group set a GBX 260 ($3.38) price target on Barclays shares in a Thursday, February 24 research note. Finally, Jefferies Financial Group set a GBX 321 ($4.17) price target on Barclays shares in a Wednesday, February 23 research note. Three equity research analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of 255.75 GBX ($3.33).

LON: BARC fell 1.84 GBX ($0.02) during midday trading on Tuesday, hitting 168.16 GBX ($2.19). The company’s stock had a trading volume of 43,150,233 shares, compared to its average volume of 50,080,984. Barclays has a fifty-two week low of GBX 142.04 ($1.85) and a high fifty-two weeks of GBX 219.60 ($2.86). The company’s 50-day moving average is 193.18 GBX and its 200-day moving average is 190.35 GBX. The company has a market capitalization of £28.18 billion and a P/E ratio of 4.59.

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About Barclays (Get a rating)

Barclays PLC, through its subsidiaries, provides a variety of financial products and services in the UK, the rest of Europe, the Americas, Africa, the Middle East and Asia. The company operates through the 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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Analyst recommendations for Barclays (LON:BARC)

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