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

Shares of Barclays PLC (LON:BARC) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 409.33.

Several brokerages have issued reports on BARC. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research note on Wednesday, July 30th. Shore Capital boosted their target price on Barclays from GBX 395 to GBX 410 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Jefferies Financial Group raised their price target on shares of Barclays from GBX 405 to GBX 455 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada lifted their target price on shares of Barclays from GBX 355 to GBX 435 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, Citigroup lowered shares of Barclays to a “neutral” rating and upped their price target for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th.

Insider Buying and Selling

In related news, insider C.S. Venkatakrishnan purchased 44,562 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of GBX 326 per share, for a total transaction of £145,272.12. Also, insider Brian Gilvary bought 4,640 shares of Barclays stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price of GBX 371 per share, with a total value of £17,214.40. Over the last three months, insiders have acquired 98,837 shares of company stock worth $33,407,827 and have sold 789,945 shares worth $292,933,656. 0.33% of the stock is currently owned by company insiders.

Barclays Trading Up 0.7%

BARC opened at GBX 362.25 on Thursday. Barclays has a 12-month low of GBX 213.90 and a 12-month high of GBX 379.32. The stock has a 50-day moving average price of GBX 356.96 and a 200-day moving average price of GBX 320.95. The stock has a market capitalization of £51.09 billion, a P/E ratio of 894.44, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, equities research analysts predict that Barclays will post 39.1062802 EPS for the current year.

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.