Barclays (LON:BARC) Stock Rating Lowered by Citigroup

Barclays (LON:BARC) was downgraded by equities researchers at Citigroup to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a GBX 366 ($4.91) price target on the financial services provider’s stock, up from their previous price target of GBX 360 ($4.83). Citigroup’s price target would indicate a potential upside of 5.30% from the stock’s previous close.

Several other research firms also recently commented on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of Barclays from GBX 340 ($4.56) to GBX 355 ($4.77) and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 370.25 ($4.97).

Barclays Trading Down 1.0%

Shares of BARC opened at GBX 347.58 ($4.67) on Friday. The stock has a market capitalization of £49.91 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.15 and a beta of 1.36. The firm has a fifty day simple moving average of GBX 329.28 and a 200 day simple moving average of GBX 302.81. Barclays has a 12 month low of GBX 196.44 ($2.64) and a 12 month high of GBX 352 ($4.72).

Barclays (LON:BARC) last released 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%. As a group, research analysts predict that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Transactions at Barclays

In other Barclays news, insider Anna Cross sold 13,112 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.38), for a total value of £42,745.12 ($57,376.00). Also, insider C.S. Venkatakrishnan sold 23,395 shares of Barclays stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.38), for a total value of £76,267.70 ($102,372.75). Company insiders own 1.47% of the company’s stock.

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.