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Berenberg Bank Keeps Their Buy Rating on Barclays (BARC)

Tipranks - Tipranks - Thu Jun 25, 8:04AM CDT

Berenberg Bank analyst reiterated a Buy rating on Barclays today and set a price target of p620.00.

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Currently, the analyst consensus on Barclays is a Strong Buy with an average price target of p559.55.

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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 141 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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