Citigroup Issues Positive Forecast for Barclays (LON:BARC) Stock Price

Barclays (LON:BARC) had its price objective raised by Citigroup from GBX 440 to GBX 475 in a research report report published on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 500 to GBX 570 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group upped their price objective on Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 467.50.

Barclays Stock Up 2.0%

LON BARC opened at GBX 485.15 on Thursday. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 492.95. The company has a market capitalization of £67.17 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The stock’s 50-day moving average price is GBX 453.82 and its 200-day moving average price is GBX 402.23.

Barclays (LON:BARC) last posted its quarterly earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Research analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

Barclays News Summary

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays continued its buy‑back programme and cancelled additional ordinary shares (2.5 million+), reducing float and increasing EPS leverage — a direct, positive capital-return signal for shareholders. Barclays Continues Share Buy-Back, Cancels Further 2.5 Million Shares
• Positive Sentiment: Barclays announced further share purchases and cancellations as part of its buy‑back programme (additional update), reinforcing management’s commitment to returning capital and supporting the stock. Barclays Advances Share Buy‑Back With Further Cancellation of Ordinary Shares
• Positive Sentiment: JPMorgan published a positive forecast for Barclays’ share price, a bullish institutional view that can influence investor flows and sentiment. JPMorgan Chase & Co. Issues Positive Forecast for Barclays Stock Price
• Positive Sentiment: Citigroup raised its price target for Barclays from GBX 440 to GBX 475 (maintaining a neutral stance), which is supportive for the stock by lifting street valuation benchmarks even if the formal rating stayed unchanged. Citigroup Raises Barclays Price Target
• Neutral Sentiment: Barclays plans to relocate its European headquarters from Dublin to Paris — a strategic/regulatory move that has execution and cost implications but is unlikely to materially change near‑term earnings. Barclays to relocate European headquarters to Paris from Dublin
• Neutral Sentiment: Local property news (Barclays branch in Sudbury approved for conversion to flats) is operationally immaterial for the bank’s group financials and likely has negligible market impact. Barclays in Sudbury to become flats as plans approved

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.