Barclays PLC (LON:BARC) Receives GBX 340 Average Price Target from Brokerages

Barclays PLC (LON:BARC - Get Free Report) has been given a consensus recommendation of "Buy" by the five research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 340 ($4.61).

BARC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 350 ($4.75) price target on shares of Barclays in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their target price on Barclays from GBX 370 ($5.02) to GBX 410 ($5.56) and gave the company a "top pick" rating in a research note on Tuesday, March 25th. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Wednesday, April 30th. Finally, Citigroup lifted their price target on shares of Barclays from GBX 320 ($4.34) to GBX 350 ($4.75) and gave the company a "buy" rating in a report on Thursday, March 6th.

Insider Buying and Selling

In related news, insider C.S. Venkatakrishnan sold 185,862 shares of Barclays stock in a transaction on Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.96), for a total transaction of £542,717.04 ($736,386.76). 1.47% of the stock is currently owned by insiders.

Barclays Trading Up 1.0%

Shares of LON:BARC traded up GBX 3.13 ($0.04) during trading on Friday, reaching GBX 326.43 ($4.43). 30,886,367 shares of the company traded hands, compared to its average volume of 52,150,473. Barclays has a 52-week low of GBX 196.44 ($2.67) and a 52-week high of GBX 331.20 ($4.49). The business's fifty day moving average is GBX 292.52 and its 200-day moving average is GBX 284.51. The firm has a market capitalization of £46.87 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, sell-side analysts predict that Barclays will post 39.1062802 earnings per share for the current fiscal year.

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.