Barclays PLC (LON:BARC) Given Consensus Rating of “Buy” by Analysts

Shares of Barclays PLC (LON:BARC) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 294 ($3.63).

Several brokerages have issued reports on BARC. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on Barclays from GBX 350 ($4.32) to GBX 360 ($4.45) and gave the company an “overweight” rating in a research report on Monday, January 13th.

Barclays Stock Down 1.5 %

BARC stock opened at GBX 294.20 ($3.63) on Friday. The business has a 50 day moving average of GBX 266.58 and a 200 day moving average of GBX 242.49. The firm has a market cap of £42.69 billion, a PE ratio of 1,131.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a twelve month low of GBX 139.54 ($1.72) and a twelve month high of GBX 299.30 ($3.70).

Barclays (LON:BARC) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported GBX 10.70 ($0.13) earnings per share (EPS) for the quarter. Barclays had a return on equity of 7.12% and a net margin of 21.24%. On average, research analysts expect that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.33), for a total value of £108,531.90 ($134,056.20). 1.47% of the stock is owned by corporate 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.