Barclays (LON:BARC) Issues Quarterly Earnings Results

Barclays (LON:BARC) issued its quarterly earnings data on Thursday. The financial services provider reported GBX 36 ($0.45) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Barclays had a net margin of 21.24% and a return on equity of 7.12%.

Barclays Price Performance

Shares of LON:BARC traded down GBX 14.84 ($0.18) during trading on Thursday, hitting GBX 292.92 ($3.65). 353,268,906 shares of the company were exchanged, compared to its average volume of 51,243,816. Barclays has a 52-week low of GBX 140.48 ($1.75) and a 52-week high of GBX 312.40 ($3.89). The stock has a 50 day moving average of GBX 277.64 and a 200 day moving average of GBX 249.95. The company has a market cap of £42.50 billion, a PE ratio of 1,126.60, a P/E/G ratio of 1.15 and a beta of 1.36.

Wall Street Analyst Weigh In

BARC has been the subject of several recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the company an “overweight” rating in a research report on Monday, January 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 294 ($3.66).

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.36), for a total transaction of £108,531.90 ($135,090.74). 1.47% of the stock is owned by company insiders.

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.