Barclays (LON:BARC) Stock Price Expected to Rise, Citigroup Analyst Says

Barclays (LON:BARC) had its target price boosted by Citigroup from GBX 320 ($4.12) to GBX 350 ($4.51) in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 360 ($4.64) to GBX 370 ($4.77) and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.51) price objective on shares of Barclays in a research note on Monday, February 24th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 311.43 ($4.01).

Barclays Stock Down 1.1 %

BARC opened at GBX 304.90 ($3.93) on Thursday. Barclays has a twelve month low of GBX 168.04 ($2.17) and a twelve month high of GBX 316 ($4.07). The company has a 50-day moving average price of GBX 289.81 and a 200 day moving average price of GBX 258.88. The company has a market cap of £43.78 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, sell-side analysts expect that Barclays will post 39.1062802 earnings per share for the current year.

Insider Activity

In related news, insider Robert Berry acquired 3,028 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of GBX 294 ($3.79) per share, with a total value of £8,902.32 ($11,472.06). Also, insider Anna Cross sold 40,197 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.48), for a total transaction of £108,531.90 ($139,860.70). Corporate insiders own 1.47% of the company’s stock.

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.