Barclays PLC (LON:BARC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Barclays PLC (LON:BARC) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 424.33.

BARC has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Barclays from GBX 420 to GBX 500 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Shore Capital increased their price objective on Barclays from GBX 395 to GBX 410 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Citigroup cut Barclays to a “neutral” rating and increased their price objective for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. Jefferies Financial Group increased their price objective on Barclays from GBX 405 to GBX 455 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada increased their price objective on Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th.

Barclays Trading Up 1.3%

Shares of LON BARC opened at GBX 385.35 on Monday. Barclays has a twelve month low of GBX 219 and a twelve month high of GBX 389.90. The stock has a 50 day moving average of GBX 373.09 and a two-hundred day moving average of GBX 332.86. The stock has a market cap of £54.06 billion, a P/E ratio of 951.48, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 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, research analysts predict that Barclays will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In other news, insider Brian Shea purchased 2,931 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average price of GBX 371 per share, for a total transaction of £10,874.01. Also, insider Dawn Fitzpatrick purchased 2,999 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of GBX 371 per share, with a total value of £11,126.29. Insiders have bought a total of 26,377 shares of company stock valued at $9,785,867 in the last three months. Insiders own 0.27% 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.