Royal Bank Of Canada Issues Positive Forecast for Barclays (LON:BARC) Stock Price

Barclays (LON:BARC) had its price target hoisted by Royal Bank Of Canada from GBX 340 ($4.56) to GBX 355 ($4.77) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Barclays from GBX 370 ($4.97) to GBX 410 ($5.50) and gave the stock a “top pick” rating in a report on Tuesday, March 25th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 370.25 ($4.97).

Barclays Trading Down 1.0%

LON:BARC opened at GBX 347.58 ($4.67) on Wednesday. The stock’s 50-day moving average is GBX 329.28 and its 200-day moving average is GBX 302.57. Barclays has a 1-year low of GBX 196.44 ($2.64) and a 1-year high of GBX 352 ($4.72). The stock has a market cap of £49.91 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, equities analysts forecast that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling

In other news, insider C.S. Venkatakrishnan acquired 44,562 shares of Barclays stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of GBX 326 ($4.38) per share, with a total value of £145,272.12 ($194,996.13). Also, insider Anna Cross acquired 27,898 shares of Barclays stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of GBX 326 ($4.38) per share, for a total transaction of £90,947.48 ($122,077.15). 1.47% of the stock is currently owned by insiders.

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.