Barclays PLC (LON:BARC) Given Average Rating of “Buy” by Analysts

Barclays PLC (LON:BARC) has been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 340 ($4.60).

BARC has been the topic of several research reports. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, April 30th. Citigroup lifted their target price on Barclays from GBX 320 ($4.33) to GBX 350 ($4.74) and gave the stock a “buy” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 350 ($4.74) target price on shares of Barclays in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on Barclays from GBX 370 ($5.01) to GBX 410 ($5.55) and gave the stock a “top pick” rating in a report on Tuesday, March 25th.

Barclays Stock Down 1.0%

LON:BARC opened at GBX 323.30 ($4.38) on Friday. The business’s 50-day simple moving average is GBX 292.15 and its two-hundred day simple moving average is GBX 283.62. The stock has a market cap of £46.42 billion, a PE ratio of 9.50, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 196.44 ($2.66) and a 52 week high of GBX 331.20 ($4.48).

Barclays (LON:BARC) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Sell-side analysts anticipate that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Transactions at Barclays

In other news, insider C.S. Venkatakrishnan sold 185,862 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.95), for a total value of £542,717.04 ($734,692.08). Company 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.