Barclays PLC (LON:BARC) Given Average Recommendation of “Buy” by Analysts

Shares of Barclays PLC (LON:BARCGet Free Report) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 292 ($3.67).

BARC has been the subject of a number of recent research reports. Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 350 ($4.40) price objective on shares of Barclays in a research note on Wednesday, December 11th.

Check Out Our Latest Stock Analysis on BARC

Insider Activity

In other news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.13), for a total value of £272,415.96 ($342,704.69). Also, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.40), for a total transaction of £108,531.90 ($136,535.29). Insiders own 1.47% of the company’s stock.

Barclays Price Performance

Shares of BARC opened at GBX 263.30 ($3.31) on Wednesday. Barclays has a 1 year low of GBX 138.40 ($1.74) and a 1 year high of GBX 273.25 ($3.44). The stock has a 50 day simple moving average of GBX 256.99 and a two-hundred day simple moving average of GBX 234.65. The firm has a market cap of £38.20 billion, a P/E ratio of 1,012.69, a P/E/G ratio of 1.15 and a beta of 1.36.

About Barclays

(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.

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Analyst Recommendations for Barclays (LON:BARC)

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