Barclays (LON:BARC) Price Target Raised to GBX 455 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised Barclays' price target from GBX 405 to GBX 455, indicating a potential upside of 22.77% from the current stock price.
• Barclays currently holds a consensus rating of "Moderate Buy" with five analysts recommending a buy and one maintaining a hold rating.
• Insider transactions were notable, with two insiders purchasing shares at an average price of GBX 371, amid a context where insiders sold significantly more shares.

Barclays (LON:BARC - Get Free Report) had its price target lifted by analysts at Jefferies Financial Group from GBX 405 to GBX 455 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's price objective suggests a potential upside of 26.25% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. Shore Capital increased their target price on shares of Barclays from GBX 395 to GBX 410 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Citigroup lowered Barclays to a "neutral" rating and lifted their price objective for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 380 price objective on shares of Barclays in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their target price on Barclays from GBX 355 to GBX 435 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Barclays in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 409.33.

Barclays Stock Performance

LON:BARC traded down GBX 8.25 on Tuesday, hitting GBX 360.40. 43,977,289 shares of the stock were exchanged, compared to its average volume of 45,620,598. The stock has a market capitalization of £51.75 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.15 and a beta of 1.36. The company's 50-day moving average price is GBX 354.81 and its 200 day moving average price is GBX 319.62. Barclays has a 52 week low of GBX 213.90 and a 52 week high of GBX 379.32.

Barclays (LON:BARC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities research analysts predict that Barclays will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In other news, insider Brian Shea purchased 2,931 shares of Barclays stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average price of GBX 371 per share, with a total value of £10,874.01. Also, insider John Kingman acquired 2,325 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of GBX 371 per share, for a total transaction of £8,625.75. Over the last ninety days, insiders bought 98,837 shares of company stock worth $33,407,827 and sold 789,945 shares worth $292,933,656. 1.47% of the stock is owned by corporate insiders.

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.