Barclays (LON:BARC) Releases Earnings Results

Barclays (LON:BARC) issued its quarterly earnings results on Thursday. The financial services provider reported GBX 12.30 EPS for the quarter, Digital Look Earnings reports. Barclays had a net margin of 26.02% and a return on equity of 10.79%.

Barclays Stock Up 0.4%

Shares of LON:BARC traded up GBX 1.60 during trading on Friday, hitting GBX 411.05. 33,855,477 shares of the company traded hands, compared to its average volume of 47,682,289. The stock has a market capitalization of £54.88 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.15 and a beta of 0.91. The business’s fifty day moving average is GBX 466.15 and its 200-day moving average is GBX 472.08. Barclays has a one year low of GBX 361.35 and a one year high of GBX 538.30.

Analyst Ratings Changes

Several analysts recently weighed in on BARC shares. Berenberg Bank reissued a “buy” rating and issued a GBX 620 price objective on shares of Barclays in a report on Friday. JPMorgan Chase & Co. upped their price objective on Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Citigroup reduced their target price on Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Jefferies Financial Group lifted their target price on Barclays from GBX 590 to GBX 600 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 550 price target on shares of Barclays in a report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Barclays has an average rating of “Moderate Buy” and an average price target of GBX 576.67.

Insider Buying and Selling at Barclays

In related news, insider Robert Berry purchased 1,908 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were acquired at an average price of GBX 497 per share, with a total value of £9,482.76. Also, insider Brian Shea purchased 2,393 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was bought at an average cost of GBX 497 per share, for a total transaction of £11,893.21. In the last three months, insiders acquired 27,498 shares of company stock worth $13,666,506. Corporate insiders own 0.34% of the company’s stock.

Barclays News Summary

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Stronger profits and a new buyback support the shares. Barclays reported a 12% year-over-year increase in third-quarter pretax profit to approximately £2.3 billion, broadly in line with expectations. Strong equities trading and controlled costs offset weaker fixed-income revenue. The bank also announced an additional £500 million share repurchase program, increasing potential shareholder returns and signaling confidence in capital generation. Barclays Q3 profit rises and announces share buyback
• Positive Sentiment: Analyst support remains favorable. Deutsche Bank reaffirmed its buy rating with a GBX 570 price target, while Berenberg also maintained a buy rating and lifted or set its target at GBX 620. These targets imply considerable upside from recent trading levels. Deutsche Bank Barclays rating Berenberg Barclays rating
• Neutral Sentiment: Management is accelerating its AI and efficiency strategy. Barclays plans to eliminate about 5,000 positions, roughly 5% of its workforce, with around 60% affecting support functions. The move could lower expenses and improve productivity over time, but the financial benefits and implementation timetable remain uncertain. Barclays job cuts and AI strategy
• Negative Sentiment: Revenue and earnings-quality concerns remain. Weaker fixed-income and investment-banking revenue, along with uncertainty over UK bank taxation, are limiting enthusiasm. Bank of America maintained a hold rating and cut its price target to GBX 580, citing softer investment-banking revenue and an earnings shortfall. Barclays price target cut by Bank of America

About Barclays

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.