Analysts Set Barclays PLC (LON:BARC) Target Price at GBX 294

Shares of Barclays PLC (LON:BARC) have been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 294 ($3.70).

A number of brokerages have recently commented on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 350 ($4.41) to GBX 360 ($4.53) and gave the company an “overweight” rating in a research report on Monday, January 13th.

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 40,197 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.40), for a total transaction of £108,531.90 ($136,604.03). Company insiders own 1.47% of the company’s stock.

Barclays Stock Up 0.1 %

LON BARC opened at GBX 293.59 ($3.70) on Thursday. The stock’s 50-day moving average price is GBX 278.78 and its 200-day moving average price is GBX 250.81. Barclays has a 52 week low of GBX 141.67 ($1.78) and a 52 week high of GBX 312.40 ($3.93). The company has a market capitalization of £42.15 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Research analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

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.