Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a GBX 350 ($4.44) price target on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 17.90% from the stock’s current price.

Several other analysts have also commented on BARC. JPMorgan Chase & Co. boosted their price target on Barclays from GBX 360 ($4.56) to GBX 370 ($4.69) and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 305 ($3.87).

Barclays Price Performance

Shares of BARC stock opened at GBX 296.85 ($3.76) on Monday. The stock has a fifty day moving average price of GBX 283.19 and a 200 day moving average price of GBX 254.83. The stock has a market cap of £42.62 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a one year low of GBX 162.18 ($2.06) and a one year high of GBX 312.60 ($3.96).

Barclays (LON:BARC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Equities research analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling at Barclays

In other news, insider Anna Cross sold 40,197 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.42), for a total transaction of £108,531.90 ($137,556.27). Also, insider Robert Berry acquired 3,028 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of GBX 294 ($3.73) per share, with a total value of £8,902.32 ($11,283.04). Corporate 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.