Barclays PLC (LON:BARC) Receives Average Recommendation of “Moderate Buy” from Analysts

Barclays PLC (LON:BARC) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings 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 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 527.50.

A number of equities research analysts have commented on BARC shares. Citigroup raised their price target on shares of Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Jefferies Financial Group raised their price target on shares of Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upgraded shares of Barclays to an “outperform” rating and raised their price target for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Finally, Shore Capital Group restated a “buy” rating on shares of Barclays in a report on Tuesday, April 28th.

Barclays Stock Up 5.3%

BARC opened at GBX 472.85 on Friday. Barclays has a twelve month low of GBX 315.50 and a twelve month high of GBX 523. The company has a fifty day moving average of GBX 438.23 and a 200-day moving average of GBX 445.88. The stock has a market cap of £64.03 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Barclays (LON:BARC) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 EPS for the quarter. The business had revenue of GBX 816.30 billion during the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. Sell-side analysts anticipate that Barclays will post 39.1062802 EPS for the current fiscal year.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays announced the acquisition of GoHenry, a U.K. money-management platform for children and teens, which could help the bank build long-term customer relationships and expand its retail banking pipeline. Barclays Acquires GoHenry to Build Lifetime Banking Relationships
• Positive Sentiment: Barclays has been promoting new-customer offers in the U.K., including cash and perk incentives, which may support account growth and strengthen deposit gathering. Barclays will pay new customers £200 to open an account – or up to £600 in perks with Premier deal
• Neutral Sentiment: Brokerage coverage remains supportive overall, with a consensus “Moderate Buy” rating on Barclays PLC, suggesting analysts still see favorable medium-term fundamentals. Barclays PLC Receives Consensus Recommendation of “Moderate Buy” from Brokerages
• Negative Sentiment: News that Barclays bank customers have experienced payment delays and account access issues could weigh on sentiment by highlighting operational friction and customer-service risk. Barclays Bank confirms payment delays and account access issues affecting millions of users
• Negative Sentiment: Separately, Barclays cut Travelers to Underweight on earnings headwinds, reinforcing a more cautious stance from parts of its research franchise. Travelers cut to Underweight at Barclays on headwinds to earnings

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.