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

Barclays PLC (LON:BARC - Get Free Report) has earned an average rating of "Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 340 ($4.58).

BARC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 370 ($4.98) to GBX 410 ($5.52) and gave the stock a "top pick" rating in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 350 ($4.72) target price on shares of Barclays in a report on Monday, February 24th. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a report on Wednesday, April 30th. Finally, Citigroup boosted their price target on Barclays from GBX 320 ($4.31) to GBX 350 ($4.72) and gave the company a "buy" rating in a report on Thursday, March 6th.

Barclays Trading Up 0.8%

LON:BARC traded up GBX 2.60 ($0.04) during trading hours on Friday, reaching GBX 326.55 ($4.40). 251,703,156 shares of the company traded hands, compared to its average volume of 53,796,938. The business's 50-day moving average price is GBX 293.54 and its two-hundred day moving average price is GBX 285.07. The stock has a market capitalization of £46.89 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 1 year low of GBX 196.44 ($2.65) and a 1 year high of GBX 331.20 ($4.46).

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

Insider Activity

In other news, insider C.S. Venkatakrishnan sold 185,862 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.93), for a total value of £542,717.04 ($731,128.98). 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.