Barclays (LON:BARC) Price Target Raised to GBX 355

Barclays (LON:BARC - Free Report) had its price objective upped by Royal Bank Of Canada from GBX 340 ($4.56) to GBX 355 ($4.76) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the financial services provider's stock.

A number of other equities research analysts also recently weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Barclays from GBX 370 ($4.97) to GBX 410 ($5.50) and gave the company a "top pick" rating in a research report on Tuesday, March 25th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 366.25 ($4.91).

Barclays Trading Up 2.0%

Shares of LON BARC traded up GBX 6.94 ($0.09) during mid-day trading on Wednesday, reaching GBX 349.54 ($4.69). The company had a trading volume of 21,252,723 shares, compared to its average volume of 47,583,578. The company has a 50-day moving average price of GBX 327.48 and a two-hundred day moving average price of GBX 301.44. The stock has a market cap of £50.19 billion, a PE ratio of 10.27, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 1-year low of GBX 196.44 ($2.64) and a 1-year high of GBX 352 ($4.72).

Barclays (LON:BARC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, research analysts expect that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling

In other Barclays news, insider C.S. Venkatakrishnan acquired 44,562 shares of Barclays stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of GBX 326 ($4.37) per share, with a total value of £145,272.12 ($194,943.80). Also, insider Anna Cross purchased 27,898 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average price of GBX 326 ($4.37) per share, for a total transaction of £90,947.48 ($122,044.39). Company 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.