Barclays (LON:BARC) Given New GBX 500 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target for Barclays' stock from GBX 435 to GBX 500, suggesting a potential upside of 29.23% from its previous close.
• Barclays currently holds a consensus rating of "Moderate Buy", with five analysts rating it as a Buy and one as a Hold, leading to a consensus price target of GBX 443.33.
• The company's stock price has fluctuated between a 1-year low of GBX 223.75 and a high of GBX 389.90, with recent trading showing a slight increase to GBX 386.90.

Barclays (LON:BARC - Get Free Report) had its price objective raised by Royal Bank Of Canada from GBX 435 to GBX 500 in a report issued on Thursday, Marketbeat reports. The firm currently has an "outperform" rating on the financial services provider's stock. Royal Bank Of Canada's target price would indicate a potential upside of 29.23% from the stock's previous close.

BARC has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Jefferies Financial Group raised their target price on Barclays from GBX 405 to GBX 455 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Wednesday. JPMorgan Chase & Co. restated an "overweight" rating on shares of Barclays in a research report on Thursday. Finally, Citigroup raised their price target on shares of Barclays from GBX 400 to GBX 415 and gave the stock a "neutral" rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 443.33.

Barclays Stock Performance

Shares of BARC traded up GBX 4.90 during mid-day trading on Thursday, hitting GBX 386.90. 229,935,109 shares of the company were exchanged, compared to its average volume of 44,473,301. Barclays has a 1-year low of GBX 223.75 and a 1-year high of GBX 389.90. The company has a 50 day moving average of GBX 375.09 and a 200-day moving average of GBX 340.12. The stock has a market cap of £54.04 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported GBX 10.40 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Research analysts anticipate that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling at Barclays

In other Barclays news, insider Dawn Fitzpatrick purchased 2,999 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of GBX 371 per share, with a total value of £11,126.29. Also, insider Mary Francis acquired 3,752 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was bought at an average price of GBX 371 per share, with a total value of £13,919.92. In the last quarter, insiders acquired 26,377 shares of company stock worth $9,785,867. Corporate insiders own 0.33% 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.

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