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Barclays (BARC) Receives a Buy from Jefferies

Tipranks - Thu May 7, 8:12AM CDT

Jefferies analyst reiterated a Buy rating on Barclays today and set a price target of p590.00.

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In addition to Jefferies, Barclays also received a Buy from UBS’s Jason Napier in a report issued on April 29. However, on the same day, Citi maintained a Hold rating on Barclays (LSE: BARC).

Based on Barclays’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p6.95 billion and a net profit of p1.45 billion. In comparison, last year the company earned a revenue of p19.28 billion and had a net profit of p1.19 billion

Based on the recent corporate insider activity of 153 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BARC in relation to earlier this year.

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