Nomura has reiterated its buy call on banking giant Barclays, after the firm's third quarter results came in ahead of expectations.The broker notes that Barclay's traditional banking operations drove the third quarter beat, and while Barclays Capital was weak, figures were in line with forecasts and still "outperformed peers in a negative environment"."Although macro trends tend to be the most significant factor driving bank stocks at present, we regard the Q3 figures as positive for the shares. Despite their recent rise, the shares trade on 0.54 times tangible book value. We would prefer them to the other UK domestic banking groups."Nomura keeps hold of its 268p target price.Meanwhile, Evolution Securities also maintained its buy recommendation and 280p target price on the stock. "We knew that Q3 wouldn't be pretty but this ranks as a thoroughly respectable performance. Reality is that Barclays is a "defensive" stock without a defensive rating. It is up 45% over the past 5 weeks, yet even now, on 0.5 times current tangible net asset value, the stock still offers clear value on a 12-month view," according to analyst Ian Gordon.Despite rising early on, shares were trading 0.87% lower at 199.45p by 12:12.BC