Barclays (LON:BARC) Issues Quarterly Earnings Results

Barclays (LON:BARC) announced its quarterly earnings data on Tuesday. The financial services provider reported GBX 11.70 ($0.16) earnings per share for the quarter, Digital Look Earnings reports. Barclays had a net margin of 19.54% and a return on equity of 6.97%.

Barclays Price Performance

Shares of Barclays stock opened at GBX 371.40 ($4.96) on Wednesday. The company’s 50 day moving average price is GBX 334.29 and its two-hundred day moving average price is GBX 307.29. The firm has a market capitalization of £53.33 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a fifty-two week low of GBX 196.44 ($2.62) and a fifty-two week high of GBX 375 ($5.01).

Analysts Set New Price Targets

BARC has been the subject of several analyst reports. Citigroup lowered Barclays to a “neutral” rating and boosted their target price for the stock from GBX 360 ($4.81) to GBX 366 ($4.89) in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 380 ($5.07) price objective on shares of Barclays in a report on Wednesday. Shore Capital boosted their price target on shares of Barclays from GBX 395 ($5.28) to GBX 410 ($5.48) and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on Barclays from GBX 340 ($4.54) to GBX 355 ($4.74) and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 384.20 ($5.13).

Insiders Place Their Bets

In other news, insider C.S. Venkatakrishnan bought 44,562 shares of the company’s stock in a transaction on Friday, June 20th. The stock was purchased at an average cost of GBX 326 ($4.35) per share, for a total transaction of £145,272.12 ($194,006.57). Also, insider Anna Cross bought 27,898 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of GBX 326 ($4.35) per share, for a total transaction of £90,947.48 ($121,457.64). 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.