Barclays' (BARC) "Buy" Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reaffirmed a "buy" rating for Barclays, highlighting positive sentiment among analysts regarding the stock.
• Several firms, including Deutsche Bank and JPMorgan, also issued "buy" ratings with target prices ranging from GBX 380 to GBX 500, indicating a strong market outlook.
• Barclays stock has experienced a trading volume of over 205 million shares recently, reflecting significant investor interest, with a current price hovering around GBX 383.45.

Barclays (LON:BARC - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Shore Capital in a research note issued on Wednesday,Digital Look reports.

Several other research analysts have also commented on BARC. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 380 price target on shares of Barclays in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on shares of Barclays from GBX 355 to GBX 435 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Citigroup lowered Barclays to a "neutral" rating and raised their price objective for the stock from GBX 360 to GBX 366 in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 420 to GBX 500 and gave the stock an "overweight" rating in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group boosted their target price on Barclays from GBX 405 to GBX 455 and gave the company a "buy" rating in a report on Tuesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 424.33.

Barclays Price Performance

Barclays stock traded up GBX 19.20 during midday trading on Wednesday, reaching GBX 383.45. The company had a trading volume of 205,901,453 shares, compared to its average volume of 44,015,109. Barclays has a 12-month low of GBX 223.75 and a 12-month high of GBX 389.90. The firm's fifty day simple moving average is GBX 374.92 and its 200-day simple moving average is GBX 339.83. The company has a market capitalization of £53.56 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, analysts expect that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Transactions at Barclays

In other Barclays news, insider Brian Gilvary purchased 4,640 shares of Barclays stock in a transaction on Wednesday, July 30th. The shares were bought at an average price of GBX 371 per share, with a total value of £17,214.40. Also, insider Anna Cross sold 753,438 shares of Barclays stock in a transaction dated Friday, August 15th. The shares were sold at an average price of GBX 373, for a total value of £2,810,323.74. Insiders have bought 26,377 shares of company stock worth $9,785,867 in the last quarter. Insiders own 0.33% of the company's stock.

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.

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