Barclays PLC (LON:BARC) Given Average Rating of “Buy” by Analysts

Barclays PLC (LON:BARC) has received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 311.43 ($4.03).

Several research firms have recently commented on BARC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.52) price target on shares of Barclays in a research report on Monday, February 24th. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Citigroup increased their target price on shares of Barclays from GBX 320 ($4.14) to GBX 350 ($4.52) and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Barclays from GBX 360 ($4.65) to GBX 370 ($4.78) and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Barclays Price Performance

Shares of Barclays stock opened at GBX 302.91 ($3.92) on Monday. The stock has a market cap of £43.49 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.15 and a beta of 1.36. The firm’s 50-day moving average is GBX 290.57 and its 200 day moving average is GBX 259.87. Barclays has a 1 year low of GBX 168.04 ($2.17) and a 1 year high of GBX 316 ($4.08).

Barclays (LON:BARC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities analysts expect that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Berry acquired 3,028 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average price of GBX 294 ($3.80) per share, for a total transaction of £8,902.32 ($11,507.65). Also, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.49), for a total value of £108,531.90 ($140,294.60). Company 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.