Barclays (LON:BARC) Issues Quarterly Earnings Results

Key Points

• Barclays reported a quarterly earnings per share (EPS) of GBX 11.70 ($0.16), with a return on equity of 6.97% and a net margin of 19.54%.
• The stock price was up 2.5% and has a 12-month trading range between GBX 196.44 ($2.62) and GBX 370.75 ($4.95).
• Analysts have mixed opinions on Barclays, with Citigroup downgrading the stock to a "neutral" rating while others maintain a "buy" rating, resulting in a consensus rating of "Buy".

Barclays (LON:BARC - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported GBX 11.70 ($0.16) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Barclays had a net margin of 19.54% and a return on equity of 6.97%.

Barclays Stock Down 3.9%

Shares of LON:BARC traded down GBX 14.65 ($0.19) during trading on Friday, hitting GBX 356.65 ($4.73). 31,927,418 shares of the company were exchanged, compared to its average volume of 47,125,098. The business's 50 day moving average is GBX 336.10 and its 200-day moving average is GBX 308.53. The company has a market capitalization of £51.21 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a 1-year low of GBX 196.44 ($2.61) and a 1-year high of GBX 376.35 ($5.00).

Insider Buying and Selling at Barclays

In other Barclays news, insider Diony Lebot bought 1,616 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of GBX 371 ($4.92) per share, for a total transaction of £5,995.36 ($7,957.74). Also, insider Julia Wilson bought 2,648 shares of Barclays stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of GBX 371 ($4.92) per share, with a total value of £9,824.08 ($13,039.66). In the last ninety days, insiders have purchased 98,837 shares of company stock valued at $33,407,827. 1.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on BARC. Shore Capital increased their price objective on shares of Barclays from GBX 395 ($5.24) to GBX 410 ($5.44) and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Barclays in a research report on Wednesday. Royal Bank Of Canada increased their price target on shares of Barclays from GBX 340 ($4.51) to GBX 355 ($4.71) and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Citigroup downgraded shares of Barclays to a "neutral" rating and increased their price target for the stock from GBX 360 ($4.78) to GBX 366 ($4.86) in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 380 ($5.04) price target on shares of Barclays in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 384.20 ($5.10).

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.