Barclays PLC (LON:BARC) Receives GBX 329.17 Consensus PT from Analysts

Shares of Barclays PLC (LON:BARC) have received an average rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 329.17 ($4.37).

BARC has been the topic of several research analyst reports. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Barclays from GBX 370 ($4.91) to GBX 410 ($5.44) and gave the company a “top pick” rating in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.65) target price on shares of Barclays in a research note on Monday, February 24th. Finally, Citigroup boosted their price target on shares of Barclays from GBX 320 ($4.25) to GBX 350 ($4.65) and gave the stock a “buy” rating in a research note on Thursday, March 6th.

Barclays Stock Up 1.8 %

BARC stock opened at GBX 300.04 ($3.98) on Tuesday. Barclays has a 52-week low of GBX 196.44 ($2.61) and a 52-week high of GBX 316 ($4.19). The stock has a market cap of £43.08 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a fifty day moving average of GBX 286.83 and a two-hundred day moving average of GBX 276.21.

Barclays (LON:BARC) last announced its earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, sell-side analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

Insider Activity at Barclays

In related news, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.88), for a total value of £542,717.04 ($720,357.10). Also, insider Robert Berry acquired 3,028 shares of Barclays stock in a transaction on Friday, February 14th. The shares were bought at an average cost of GBX 294 ($3.90) per share, with a total value of £8,902.32 ($11,816.19). Insiders own 1.47% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.