Barclays PLC (LON:BARC) Receives GBX 527.50 Consensus Target Price from Brokerages

Shares of Barclays PLC (LON:BARC) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 527.50.

BARC has been the subject of a number of recent analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th. Jefferies Financial Group upped their price objective on Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Barclays from GBX 500 to GBX 570 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Barclays from GBX 480 to GBX 570 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Citigroup upped their price objective on Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays continues to reduce share count through buybacks, with 22.5 million additional shares canceled and 25.9 million repurchased in total, a move that can boost per-share earnings and signals management confidence. Article Title
• Positive Sentiment: Barclays is redeeming and delisting its CAD 450 million callable notes, another sign it is actively managing funding costs and simplifying its capital structure. Article Title
• Positive Sentiment: The bank also plans to redeem its JPY 67 billion callable notes and cancel the LSE listing, reinforcing the message that Barclays is trimming legacy liabilities and returning capital to investors. Article Title
• Neutral Sentiment: Barclays’ market commentary that U.S. equity funds may be crowded could matter for sentiment, but it is more of a macro view than a direct stock-specific catalyst. Article Title

Barclays Stock Up 0.8%

LON BARC opened at GBX 430.80 on Tuesday. The firm has a market cap of £58.74 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a 50-day moving average price of GBX 415.46 and a 200-day moving average price of GBX 440.29. Barclays has a twelve month low of GBX 312.07 and a twelve month high of GBX 507.45.

Barclays (LON:BARC) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share for the quarter. The firm had revenue of GBX 816.30 billion during the quarter. Barclays had a return on equity of 9.46% and a net margin of 17.81%. Research analysts expect that Barclays will post 39.1062802 EPS 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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.