Barclays PLC (LON:BARC) Receives GBX 317.14 Average PT from Analysts

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 317.14 ($4.09).

Several equities research analysts recently commented on BARC shares. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 350 ($4.51) price objective on shares of Barclays in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 370 ($4.77) to GBX 410 ($5.28) and gave the company a “top pick” rating in a report on Tuesday, March 25th. Finally, Citigroup upped their price objective on Barclays from GBX 320 ($4.12) to GBX 350 ($4.51) and gave the company a “buy” rating in a report on Thursday, March 6th.

Insider Buying and Selling at Barclays

In related news, insider Robert Berry purchased 3,028 shares of Barclays stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of GBX 294 ($3.79) per share, with a total value of £8,902.32 ($11,475.02). Also, insider C.S. Venkatakrishnan sold 185,862 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.76), for a total value of £542,717.04 ($699,557.93). 1.47% of the stock is owned by insiders.

Barclays Price Performance

LON BARC opened at GBX 250.05 ($3.22) on Friday. The company has a market cap of £35.90 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.15 and a beta of 1.36. The stock’s fifty day moving average price is GBX 297.55 and its 200 day moving average price is GBX 269.55. Barclays has a 1 year low of GBX 176.24 ($2.27) and a 1 year high of GBX 316 ($4.07).

Barclays (LON:BARC) last posted its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Research analysts expect that Barclays will post 39.1062802 earnings per share 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.