Barclays PLC (LON:BARC) Receives Average Rating of “Moderate Buy” from Brokerages

Barclays PLC (LON:BARC) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 445.83.

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 500 target price on shares of Barclays in a report on Tuesday, December 2nd. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Royal Bank Of Canada upped their price target on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group raised their price objective on Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th.

Barclays Stock Performance

Shares of BARC stock opened at GBX 447.08 on Friday. The firm has a market cap of £62.08 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 454.60. The firm’s 50-day simple moving average is GBX 405.76 and its two-hundred day simple moving average is GBX 372.38.

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

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.