Barclays (LON:BARC) Price Target Raised to GBX 415

Barclays (LON:BARC) had its price target upped by Citigroup from GBX 400 to GBX 415 in a research note published on Thursday, MarketBeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Barclays from GBX 405 to GBX 455 and gave the company a “buy” rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 380 target price on shares of Barclays in a report on Wednesday, July 30th. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Barclays from GBX 420 to GBX 500 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 443.33.

Barclays Stock Performance

Barclays stock opened at GBX 388.30 on Thursday. The stock has a 50-day simple moving average of GBX 375.67 and a 200 day simple moving average of GBX 342.66. The stock has a market capitalization of £54.24 billion, a P/E ratio of 9.59, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 389.90.

Barclays (LON:BARC) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Research analysts forecast that Barclays will post 39.1062802 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian Gilvary acquired 4,640 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was purchased at an average cost of GBX 371 per share, with a total value of £17,214.40. Also, insider John Kingman bought 2,325 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were bought at an average price of GBX 371 per share, with a total value of £8,625.75. Insiders acquired 26,377 shares of company stock valued at $9,785,867 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Barclays Company Profile

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.