UBS Sticks to Their Buy Rating for Barclays (BARC)
UBS analyst Jason Napier maintained a Buy rating on Barclays yesterday and set a price target of p580.00.
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According to TipRanks, Napier is a 5-star analyst with an average return of 23.6% and a 68.80% success rate. Napier covers the Financial sector, focusing on stocks such as Barclays, Lloyds Banking, and NatWest Group.
In addition to UBS, Barclays also received a Buy from TipRanks – Google’s Google Financial GB in a report issued yesterday. However, on the same day, TipRanks – OpenAI downgraded Barclays (LSE: BARC) to a Hold.
Based on Barclays’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p7.17 billion and a net profit of p1.71 billion. In comparison, last year the company earned a revenue of p6.55 billion and had a net profit of p1.82 billion
Based on the recent corporate insider activity of 148 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.
Read More on GB:BARC:
Disclaimer & DisclosureReport an Issue
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- Barclays: Disciplined RWA Shift, Enhanced Capital Returns and Mid‑Teens ROTE Drive Compelling Buy Case
- Barclays Cancels 3.23 Million Shares in Ongoing Buy-Back Programme
- Barclays Cancels Additional Shares as Buyback Lifts Total Repurchases Above 10 Million
