Barclays PLC (LON:BARC) Receives Consensus Rating of “Buy” from Analysts

Posted by Defense World Staff on Dec 25th, 2024

Barclays PLC (LON:BARC – Get Free Report) has received a consensus rating of “Buy” from 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 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 292 ($3.66).

Several research analysts have recently issued reports on BARC shares. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Citigroup restated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 350 ($4.39) price objective on shares of Barclays in a research report on Wednesday, December 11th.

Get Our Latest Stock Report on BARC

Barclays Stock Performance

Shares of LON:BARC opened at GBX 262.95 ($3.30) on Wednesday. Barclays has a 52-week low of GBX 138.40 ($1.73) and a 52-week high of GBX 273.25 ($3.43). The company has a market cap of £38.15 billion, a P/E ratio of 1,011.35, a P/E/G ratio of 1.15 and a beta of 1.36. The stock’s 50-day moving average is GBX 255.08 and its 200-day moving average is GBX 233.21.

Insider Transactions at Barclays

In other news, 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 ($3.38), for a total value of £108,531.90 ($136,056.04). Also, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.12), for a total transaction of £272,415.96 ($341,501.77). 1.47% of the stock is owned by company insiders.

Barclays Company Profile

(Get Free Report

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.