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

Shares of Barclays PLC (LON:BARCGet Free Report) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 527.50.

BARC has been the subject of a number of recent analyst reports. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. Jefferies Financial Group upped their target price on Barclays from GBX 570 to GBX 590 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Citigroup upped their target price on Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised Barclays to an “outperform” rating and boosted their price target for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th.

Check Out Our Latest Stock Report on BARC

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Barclays Stock Performance

LON:BARC opened at GBX 461.02 on Friday. The stock has a fifty day moving average price of GBX 431.57 and a 200-day moving average price of GBX 443.95. The company has a market cap of £62.86 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.15 and a beta of 0.90. Barclays has a fifty-two week low of GBX 315.50 and a fifty-two week high of GBX 523.

Barclays (LON:BARCGet Free Report) last released its earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share for the quarter. The firm had revenue of GBX 816.30 billion during the quarter. Barclays had a return on equity of 9.46% and a net margin of 17.81%. Research analysts predict that Barclays will post 39.1062802 EPS for the current fiscal year.

About Barclays

(Get Free Report)

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.

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Analyst Recommendations for Barclays (LON:BARC)

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