Barclays PLC (LON:BARC) Receives GBX 495 Average PT from Brokerages

Shares of Barclays PLC (LON:BARCGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 495.

Several research firms recently issued reports on BARC. Deutsche Bank Aktiengesellschaft raised their price target on Barclays from GBX 480 to GBX 570 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citigroup dropped their price objective on Barclays from GBX 495 to GBX 450 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. increased their price objective on Barclays from GBX 500 to GBX 570 and gave the company an “overweight” rating in a research note on Tuesday, January 20th.

Get Our Latest Stock Analysis on BARC

Insider Buying and Selling at Barclays

In other news, insider Nigel Higgins purchased 6,769 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was acquired at an average price of GBX 481 per share, with a total value of £32,558.89. Also, insider Brian Gilvary purchased 2,794 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was purchased at an average cost of GBX 481 per share, for a total transaction of £13,439.14. Insiders have bought a total of 27,452 shares of company stock worth $13,204,412 over the last ninety days. 0.34% of the stock is owned by company insiders.

Barclays News Roundup

Here are the key news stories impacting Barclays this week:

Barclays Trading Down 0.5%

Shares of LON:BARC opened at GBX 380.45 on Monday. The stock’s 50-day moving average price is GBX 446.38 and its 200-day moving average price is GBX 429.26. Barclays has a 12-month low of GBX 223.75 and a 12-month high of GBX 507.45. The stock has a market capitalization of £52.42 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80.

Barclays (LON:BARCGet Free Report) last released its earnings results on Thursday, February 12th. The financial services provider reported GBX 8.60 earnings per share for the quarter. Barclays had a return on equity of 9.41% and a net margin of 17.82%. As a group, research analysts predict that Barclays will post 39.1062802 EPS for the current 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.

Further Reading

Analyst Recommendations for Barclays (LON:BARC)

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