Barclays’ (BARC) Buy Rating Reaffirmed at Shore Capital

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

Separately, JPMorgan Chase & Co. increased their price target on Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the stock an “overweight” rating in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 294 ($3.66).

Barclays Stock Performance

Shares of LON BARC traded down GBX 0.50 ($0.01) during trading on Thursday, hitting GBX 295.80 ($3.68). The company had a trading volume of 32,969,211 shares, compared to its average volume of 39,525,719. Barclays has a 12 month low of GBX 139.54 ($1.74) and a 12 month high of GBX 299.30 ($3.73). The firm has a market capitalization of £42.92 billion, a P/E ratio of 1,137.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 270.04 and a 200 day simple moving average of GBX 245.02.

Insider Buying and Selling

In other news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.36), for a total value of £108,531.90 ($135,124.38). 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.