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

Barclays PLC (LON:BARC) has been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 294 ($3.58).

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Barclays from GBX 350 ($4.26) to GBX 360 ($4.38) and gave the company an “overweight” rating in a research note on Monday, January 13th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, October 24th.

Insider Transactions at Barclays

In related news, insider Anna Cross sold 40,197 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.29), for a total transaction of £108,531.90 ($132,050.01). 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 ($3.03), for a total value of £272,415.96 ($331,446.60). 1.47% of the stock is currently owned by insiders.

Barclays Trading Up 2.4 %

Shares of LON BARC opened at GBX 289.35 ($3.52) on Friday. Barclays has a 1 year low of GBX 139.42 ($1.70) and a 1 year high of GBX 291.75 ($3.55). The firm has a market capitalization of £41.98 billion, a PE ratio of 1,112.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The firm’s 50-day moving average is GBX 264.49 and its 200-day moving average is GBX 240.96.

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.