Barclays PLC (LON:BARC) Receives Consensus Recommendation of "Buy" from Analysts

Barclays PLC (LON:BARC - Get Free Report) has been given a consensus rating of "Buy" by the five ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 340 ($4.59).

BARC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 350 ($4.73) target price on shares of Barclays in a research report on Monday, February 24th. Citigroup raised their target price on shares of Barclays from GBX 320 ($4.32) to GBX 350 ($4.73) and gave the company a "buy" rating in a research report on Thursday, March 6th. Shore Capital restated a "buy" rating on shares of Barclays in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Barclays from GBX 370 ($5.00) to GBX 410 ($5.54) and gave the company a "top pick" rating in a research report on Tuesday, March 25th.

Insider Transactions at Barclays

In related news, insider C.S. Venkatakrishnan sold 185,862 shares of Barclays stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.95), for a total transaction of £542,717.04 ($733,401.41). 1.47% of the stock is owned by company insiders.

Barclays Stock Performance

Shares of LON BARC traded down GBX 4.15 ($0.06) during trading hours on Friday, hitting GBX 323.95 ($4.38). 20,566,025 shares of the stock were exchanged, compared to its average volume of 51,837,773. The company has a market cap of £46.51 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company's fifty day simple moving average is GBX 293.01 and its two-hundred day simple moving average is GBX 284.80. Barclays has a 1-year low of GBX 196.44 ($2.65) and a 1-year high of GBX 331.20 ($4.48).

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

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.