Barclays (LON:BARC) Price Target Raised to GBX 470 at Jefferies Financial Group

Barclays (LON:BARC) had its target price boosted by Jefferies Financial Group from GBX 455 to GBX 470 in a research note released on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on BARC. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research note on Thursday, October 23rd. Royal Bank Of Canada boosted their price target on shares of Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Citigroup raised their target price on shares of Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 380 price target on shares of Barclays in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 445.83.

Barclays Trading Up 1.4%

BARC stock opened at GBX 401.10 on Tuesday. Barclays has a 12-month low of GBX 3.93 and a 12-month high of GBX 402.60. The business’s 50-day moving average is GBX 376.67 and its 200 day moving average is GBX 345.39. The stock has a market cap of £56.02 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities analysts forecast that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Activity

In other news, insider Anna Cross sold 753,438 shares of Barclays stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of GBX 373, for a total transaction of £2,810,323.74. 0.33% of the stock is owned by corporate insiders.

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.