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

Barclays PLC (LON:BARC) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 409.33.

A number of research analysts have recently issued reports on BARC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday, July 30th. Shore Capital increased their target price on Barclays from GBX 395 to GBX 410 and gave the company a “buy” rating in a report on Tuesday, July 29th. Citigroup cut Barclays to a “neutral” rating and raised their target price for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. Royal Bank Of Canada upped their price target on shares of Barclays from GBX 355 to GBX 435 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group increased their price objective on shares of Barclays from GBX 405 to GBX 455 and gave the stock a “buy” rating in a research note on Tuesday, August 26th.

Insiders Place Their Bets

In related news, insider Dawn Fitzpatrick purchased 2,999 shares of Barclays stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price of GBX 371 per share, for a total transaction of £11,126.29. Also, insider C.S. Venkatakrishnan bought 44,562 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of GBX 326 per share, for a total transaction of £145,272.12. In the last ninety days, insiders purchased 98,837 shares of company stock valued at $33,407,827 and sold 789,945 shares valued at $292,933,656. Insiders own 0.27% of the company’s stock.

Barclays Trading Up 1.5%

Barclays stock opened at GBX 366.55 on Thursday. The business’s fifty day simple moving average is GBX 358.66 and its two-hundred day simple moving average is GBX 322.39. Barclays has a 12 month low of GBX 213.90 and a 12 month high of GBX 379.32. The company has a market capitalization of £51.42 billion, a price-to-earnings ratio of 905.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, 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.