Barclays (LON:BARC) Announces Earnings Results

Key Points

• Barclays reported quarterly earnings of GBX 10.40 EPS with a return on equity of 6.97% and net margin of 19.54%.
• Shares rose by 1.6%, reaching GBX 388.10, with a significant increase in trading volume compared to its average.
• Analyst ratings reflect positive sentiment, with five analysts giving a Buy rating and a consensus price target of GBX 424.33.

Barclays (LON:BARC - Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported GBX 10.40 EPS for the quarter, Digital Look Earnings reports. Barclays had a return on equity of 6.97% and a net margin of 19.54%.

Barclays Trading Up 1.6%

Shares of BARC traded up GBX 6.10 during trading hours on Thursday, hitting GBX 388.10. The company had a trading volume of 227,705,094 shares, compared to its average volume of 44,462,473. The company has a market capitalization of £54.21 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a one year low of GBX 223.75 and a one year high of GBX 389.90. The company's fifty day moving average price is GBX 375.09 and its two-hundred day moving average price is GBX 340.12.

Insider Transactions at Barclays

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

Analyst Ratings Changes

BARC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Shore Capital restated a "buy" rating on shares of Barclays in a report on Wednesday. Royal Bank Of Canada raised their price objective on Barclays from GBX 355 to GBX 435 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. raised their price objective on Barclays from GBX 420 to GBX 500 and gave the company an "overweight" rating in a research note on Tuesday, September 9th. Finally, Citigroup lowered Barclays to a "neutral" rating and raised their price target for the stock from GBX 360 to GBX 366 in a research note on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 424.33.

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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