Shore Capital Boosts Barclays (LON:BARC) Price Target to GBX 410

Barclays (LON:BARC) had its price target hoisted by research analysts at Shore Capital from GBX 395 ($5.24) to GBX 410 ($5.44) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Shore Capital’s price target would suggest a potential upside of 9.84% from the company’s previous close.

A number of other research analysts have also issued reports on BARC. Citigroup lowered Barclays to a “neutral” rating and increased their target price for the company from GBX 360 ($4.77) to GBX 366 ($4.85) in a research report on Friday, July 18th. Royal Bank Of Canada lifted their target price on shares of Barclays from GBX 340 ($4.51) to GBX 355 ($4.71) and gave the company an “outperform” rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 384.20 ($5.09).

Barclays Price Performance

Shares of BARC stock opened at GBX 373.26 ($4.95) on Tuesday. The stock’s fifty day moving average price is GBX 335.16 and its 200 day moving average price is GBX 307.75. The company has a market cap of £53.59 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a 1-year low of GBX 196.44 ($2.60) and a 1-year high of GBX 375.15 ($4.97).

Barclays (LON:BARC) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported GBX 11.70 ($0.16) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, equities research analysts anticipate that Barclays will post 39.1062802 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider C.S. Venkatakrishnan sold 23,395 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.32), for a total value of £76,267.70 ($101,123.97). Also, insider Anna Cross sold 13,112 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of GBX 326 ($4.32), for a total transaction of £42,745.12 ($56,676.11). 1.47% of the stock is 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.