Jefferies Sticks to Its Buy Rating for Barclays (BARC)
In a report released on January 6, Jonathan Pierce from Jefferies maintained a Buy rating on Barclays, with a price target of p560.00. The company’s shares closed yesterday at p488.40.
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Pierce covers the Financial sector, focusing on stocks such as Lloyds Banking, Barclays, and NatWest Group. According to TipRanks, Pierce has an average return of 37.8% and an 85.29% success rate on recommended stocks.
Barclays has an analyst consensus of Strong Buy, with a price target consensus of p493.33.
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 145 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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