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Morgan Stanley Reaffirms Their Buy Rating on Barclays (BARC)

Tipranks - Fri Jul 3, 11:50AM CDT

Morgan Stanley analyst Giulia Miotto maintained a Buy rating on Barclays today and set a price target of p610.00.

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According to TipRanks, Miotto is a 5-star analyst with an average return of 14.2% and a 66.67% success rate.

Barclays has an analyst consensus of Strong Buy, with a price target consensus of p565.91.

Based on Barclays’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p8.16 billion and a net profit of p2.18 billion. In comparison, last year the company earned a revenue of p7.71 billion and had a net profit of p2.1 billion

Based on the recent corporate insider activity of 143 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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