Barclays (LON:BARC) Stock Price Expected to Rise, Citigroup Analyst Says

Barclays (LON:BARC) had its price target raised by stock analysts at Citigroup from GBX 320 ($4.14) to GBX 350 ($4.52) in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target would suggest a potential upside of 15.55% from the company’s current price.

A number of other equities analysts have also recently commented on BARC. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Barclays from GBX 360 ($4.65) to GBX 370 ($4.78) and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.52) target price on shares of Barclays in a report on Monday, February 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 311.43 ($4.03).

Barclays Stock Down 1.8 %

Shares of Barclays stock opened at GBX 302.91 ($3.92) on Thursday. Barclays has a 52 week low of GBX 168.04 ($2.17) and a 52 week high of GBX 316 ($4.08). The business’s fifty day simple moving average is GBX 290.57 and its 200-day simple moving average is GBX 259.39. The firm has a market cap of £43.49 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

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

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.49), for a total transaction of £108,531.90 ($140,276.46). Also, insider Robert Berry bought 3,028 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of GBX 294 ($3.80) per share, with a total value of £8,902.32 ($11,506.17). Company 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.