Barclays PLC (LON:BARC) Given Average Rating of "Buy" by Brokerages

Shares of Barclays PLC (LON:BARC - Get Free Report) have earned a consensus recommendation of "Buy" from the five research firms that are covering the stock, Marketbeat reports. Four research 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 brokers that have updated their coverage on the stock in the last year is GBX 366.25 ($4.90).

A number of equities analysts recently issued reports on BARC shares. Shore Capital reissued a "buy" rating on shares of Barclays in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 340 ($4.55) to GBX 355 ($4.75) and gave the company an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 370 ($4.95) to GBX 410 ($5.49) and gave the company a "top pick" rating in a research report on Tuesday, March 25th.

Barclays Price Performance

BARC opened at GBX 344.30 ($4.61) on Wednesday. The stock has a 50-day moving average price of GBX 326.55 and a 200-day moving average price of GBX 301.15. The firm has a market cap of £49.44 billion, a PE ratio of 10.12, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 1 year low of GBX 196.44 ($2.63) and a 1 year high of GBX 346.75 ($4.64).

Barclays (LON:BARC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) 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, sell-side analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling at Barclays

In related news, insider C.S. Venkatakrishnan sold 23,395 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.36), for a total transaction of £76,267.70 ($102,112.33). Also, insider Anna Cross sold 13,112 shares of Barclays stock in a transaction on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.36), for a total value of £42,745.12 ($57,230.04). Corporate insiders own 1.47% of the company's stock.

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.

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