Barclays PLC (LON:BARC) Given Average Rating of “Moderate Buy” by Brokerages

Barclays PLC (LON:BARC) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 445.83.

Several equities analysts have issued reports on BARC shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 500 price target on shares of Barclays in a research note on Tuesday, December 2nd. Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group increased their target price on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Finally, Citigroup upped their price objective on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a report on Thursday, October 23rd.

Barclays Stock Up 0.9%

Shares of LON BARC opened at GBX 481.60 on Wednesday. The company has a market capitalization of £66.68 billion, a PE ratio of 11.86, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a twelve month low of GBX 223.75 and a twelve month high of GBX 492.95. The firm has a fifty day simple moving average of GBX 444.61 and a 200 day simple moving average of GBX 395.79.

Barclays (LON:BARC) last issued its quarterly earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities analysts expect that Barclays will post 39.1062802 earnings per share for the current fiscal year.

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.