Brokerages Set Barclays PLC (LON:BARC) Target Price at GBX 366.25

Shares of Barclays PLC (LON:BARC) have earned a consensus rating of “Buy” from the five research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 370.25 ($4.97).

Several research firms have recently issued reports on BARC. JPMorgan Chase & Co. increased their target price on shares of Barclays from GBX 370 ($4.97) to GBX 410 ($5.50) and gave the stock a “top pick” rating in a research note on Tuesday, March 25th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Wednesday, April 30th. Citigroup downgraded shares of Barclays to a “neutral” rating and upped their price target for the stock from GBX 360 ($4.83) to GBX 366 ($4.91) in a research report on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Barclays from GBX 340 ($4.56) to GBX 355 ($4.77) and gave the stock an “outperform” rating in a research report on Wednesday.

Barclays Stock Down 1.0%

BARC stock opened at GBX 347.58 ($4.67) on Wednesday. The company’s 50-day simple moving average is GBX 329.28 and its 200-day simple moving average is GBX 302.57. Barclays has a 52-week low of GBX 196.44 ($2.64) and a 52-week high of GBX 352 ($4.72). The firm has a market cap of £49.91 billion, a P/E ratio of 10.21, a PEG ratio of 1.15 and a beta of 1.36.

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

Insider Activity

In other Barclays news, insider C.S. Venkatakrishnan acquired 44,562 shares of the business’s stock in a transaction on Friday, June 20th. The stock was bought at an average price of GBX 326 ($4.38) per share, for a total transaction of £145,272.12 ($194,996.13). Also, insider Anna Cross acquired 27,898 shares of the business’s stock in a transaction on Friday, June 20th. The stock was acquired at an average price of GBX 326 ($4.38) per share, with a total value of £90,947.48 ($122,077.15). 1.47% of the stock is owned by corporate insiders.

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.