Barclays PLC (LON:BARC) Receives Consensus Rating of “Buy” from Analysts

Shares of Barclays PLC (LON:BARC) have been assigned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is GBX 294 ($3.67).

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Barclays from GBX 350 ($4.37) to GBX 360 ($4.49) and gave the stock an “overweight” rating in a research note on Monday, January 13th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, October 24th.

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 ($3.37), for a total transaction of £108,531.90 ($135,478.59). Company insiders own 1.47% of the company’s stock.

Barclays Trading Down 1.9 %

Shares of BARC stock opened at GBX 293.05 ($3.66) on Friday. Barclays has a twelve month low of GBX 139.54 ($1.74) and a twelve month high of GBX 299.30 ($3.74). The stock has a market cap of £42.52 billion, a price-to-earnings ratio of 1,127.12, a PEG ratio of 1.15 and a beta of 1.36. The company’s 50-day moving average price is GBX 268.07 and its 200-day moving average price is GBX 243.36.

Barclays (LON:BARC) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported GBX 10.70 ($0.13) EPS for the quarter. Barclays had a return on equity of 7.12% and a net margin of 21.24%. As a group, equities research analysts predict that Barclays will post 39.1062802 EPS for the current year.

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.