Shore Capital Reiterates Buy Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Thursday, MarketBeat reports.

Separately, JPMorgan Chase & Co. upped their price target on shares of Barclays from GBX 350 ($4.34) to GBX 360 ($4.46) and gave the stock an “overweight” rating in a report on Monday, January 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 294 ($3.64).

Barclays Price Performance

BARC stock opened at GBX 296.74 ($3.68) on Thursday. The stock has a market cap of £43.06 billion, a price-to-earnings ratio of 1,141.31, a P/E/G ratio of 1.15 and a beta of 1.36. The company has a 50 day simple moving average of GBX 270.70 and a 200 day simple moving average of GBX 245.37. Barclays has a 1 year low of GBX 139.54 ($1.73) and a 1 year high of GBX 299.30 ($3.71).

Insiders Place Their Bets

In related news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.35), for a total transaction of £108,531.90 ($134,504.77). 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.