Brokerages Set Barclays PLC (LON:BARC) Price Target at GBX 276

Shares of Barclays PLC (LON:BARC) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 276 ($3.49).

A number of research analysts recently commented on BARC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.42) price target on shares of Barclays in a report on Monday, September 9th. Citigroup restated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, October 24th.

Barclays Stock Performance

Shares of LON:BARC opened at GBX 262.85 ($3.33) on Friday. The firm has a market cap of £38.14 billion, a price-to-earnings ratio of 1,010.96, a P/E/G ratio of 1.15 and a beta of 1.36. The firm has a fifty day moving average price of GBX 243.67 and a 200 day moving average price of GBX 228.07. Barclays has a fifty-two week low of GBX 136.50 ($1.73) and a fifty-two week high of GBX 265.50 ($3.36).

Insider Buying and Selling at Barclays

In related news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.80), for a total value of £108,318.73 ($137,094.96). Also, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.15), for a total value of £272,415.96 ($344,786.69). Insiders own 1.47% of the company’s stock.

Barclays Company Profile

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.