Barclays (LON:BARC) Given New GBX 350 Price Target at Citigroup

Barclays (LON:BARC) had its target price boosted by stock analysts at Citigroup from GBX 320 ($4.12) to GBX 350 ($4.51) in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective would suggest a potential upside of 13.12% from the company’s current price.

Several other analysts also recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. increased 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 350 ($4.51) target price on shares of Barclays in a research report on Monday, February 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barclays currently has a consensus rating of “Buy” and an average target price of GBX 311.43 ($4.01).

Barclays Stock Up 2.0 %

BARC stock traded up GBX 5.95 ($0.08) during mid-day trading on Thursday, reaching GBX 309.40 ($3.99). 1,286,881,500 shares of the company traded hands, compared to its average volume of 77,274,445. The firm’s 50 day moving average price is GBX 288.90 and its 200 day moving average price is GBX 258.53. The stock has a market cap of £44.42 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a fifty-two week low of GBX 168.04 ($2.17) and a fifty-two week high of GBX 316 ($4.07).

Barclays (LON:BARC) last announced its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, analysts anticipate that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.48), for a total transaction of £108,531.90 ($139,896.75). Also, insider Robert Berry acquired 3,028 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,475.02). 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.