Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a report released on Monday,Digital Look reports. They currently have a GBX 350 ($4.42) price objective on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 17.90% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Barclays from GBX 360 ($4.54) to GBX 370 ($4.67) and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 305 ($3.85).

Barclays Stock Performance

BARC stock traded down GBX 1.90 ($0.02) during trading on Monday, hitting GBX 296.85 ($3.75). 58,506,180 shares of the company traded hands, compared to its average volume of 43,919,918. The company has a 50-day moving average of GBX 283.19 and a 200-day moving average of GBX 254.83. Barclays has a 1 year low of GBX 162.18 ($2.05) and a 1 year high of GBX 312.60 ($3.94). The firm has a market capitalization of £42.62 billion, a PE ratio of 8.72, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Sell-side analysts expect that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling

In other news, insider Robert Berry purchased 3,028 shares of the company’s stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of GBX 294 ($3.71) per share, for a total transaction of £8,902.32 ($11,234.63). Also, insider Anna Cross sold 40,197 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.41), for a total transaction of £108,531.90 ($136,966.05). 1.47% of the stock is currently owned by corporate 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.