Barclays (LON:BARC) Earns Buy Rating from Shore Capital

Barclays (LON:BARC)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a report released on Wednesday, Marketbeat reports.

BARC has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Barclays from GBX 370 ($4.92) to GBX 410 ($5.45) 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) price target on shares of Barclays in a report on Monday, February 24th. Finally, Citigroup boosted their price objective on shares of Barclays from GBX 320 ($4.25) to GBX 350 ($4.65) and gave the company a “buy” rating in a research report on Thursday, March 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 329.17 ($4.37).

Barclays Stock Performance

BARC stock opened at GBX 294.80 ($3.92) on Wednesday. Barclays has a 52 week low of GBX 196.44 ($2.61) and a 52 week high of GBX 316 ($4.20). The company’s 50-day simple moving average is GBX 286.77 and its 200 day simple moving average is GBX 275.48. The company has a market capitalization of £42.33 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

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

Insider Activity

In other news, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.88), for a total transaction of £542,717.04 ($721,027.02). Also, insider Robert Berry purchased 3,028 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was bought at an average cost of GBX 294 ($3.91) per share, for a total transaction of £8,902.32 ($11,827.18). Corporate 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.