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

Barclays PLC (LON:BARC) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 276 ($3.58).

A number of brokerages have commented on BARC. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 270 ($3.50) price objective on shares of Barclays in a report on Monday, September 9th. Finally, Citigroup reissued a “buy” rating on shares of Barclays in a report on Monday, September 2nd.

Barclays Price Performance

Shares of LON:BARC opened at GBX 243.50 ($3.16) on Tuesday. Barclays has a 1 year low of GBX 132.84 ($1.72) and a 1 year high of GBX 251.30 ($3.26). The company has a market capitalization of £35.33 billion, a price-to-earnings ratio of 936.54, a P/E/G ratio of 1.15 and a beta of 1.36. The business’s 50-day moving average is GBX 229.83 and its 200-day moving average is GBX 220.49.

Insider Transactions at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.23), for a total value of £272,415.96 ($353,282.27). In other Barclays news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,473.00). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.23), for a total transaction of £272,415.96 ($353,282.27). Insiders own 1.47% of the company’s stock.

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.