Barclays PLC (LON:BARC) Given Consensus Rating of “Moderate Buy” by Brokerages

Barclays PLC (LON:BARC) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 445.83.

BARC has been the subject of several research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research note on Thursday, October 23rd. Royal Bank Of Canada boosted their price objective on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group boosted their price objective on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their price objective on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd.

Insider Activity

In other news, insider Anna Cross sold 753,438 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of GBX 373, for a total transaction of £2,810,323.74. 0.33% of the stock is owned by corporate insiders.

Barclays Stock Performance

Shares of BARC opened at GBX 401.10 on Friday. The stock has a fifty day moving average of GBX 376.67 and a two-hundred day moving average of GBX 345.39. The company has a market capitalization of £56.02 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a fifty-two week low of GBX 3.93 and a fifty-two week high of GBX 402.60.

Barclays (LON:BARC) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities research analysts forecast that Barclays will post 39.1062802 earnings per share for the current fiscal year.

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.