Barclays PLC (LON:BARC) Receives GBX 409.33 Average Target Price from Analysts

Key Points

• Barclays PLC has received a consensus rating of "Moderate Buy" from six rating firms, with one hold rating and five buy ratings.
• The average 12-month price target among brokers for Barclays is GBX 409.33, reflecting optimistic market sentiment.
• Recent insider activity includes significant purchases, with insiders acquiring a total of 98,837 shares worth approximately $33.4 million over the last three months.

Barclays PLC (LON:BARC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 409.33.

Several research analysts have recently weighed in on BARC shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 380 price target on shares of Barclays in a report on Wednesday, July 30th. Shore Capital upped their price objective on Barclays from GBX 395 to GBX 410 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Citigroup lowered shares of Barclays to a "neutral" rating and boosted their target price for the company from GBX 360 to GBX 366 in a report on Friday, July 18th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their target price on shares of Barclays from GBX 355 to GBX 435 and gave the stock an "outperform" rating in a report on Tuesday, August 5th.

Barclays Price Performance

BARC stock traded up GBX 5.50 on Thursday, reaching GBX 366.55. 19,569,959 shares of the company were exchanged, compared to its average volume of 44,836,172. The firm has a market capitalization of £51.42 billion, a PE ratio of 905.06, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 12 month low of GBX 213.90 and a 12 month high of GBX 379.32. The stock's fifty day moving average price is GBX 358.08 and its 200 day moving average price is GBX 321.95.

Barclays (LON:BARC - Get Free Report) last announced its quarterly earnings results 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, research analysts expect that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling at Barclays

In other Barclays news, insider Mary Francis purchased 3,752 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average cost of GBX 371 per share, with a total value of £13,919.92. Also, insider Brian Gilvary acquired 4,640 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were acquired at an average price of GBX 371 per share, with a total value of £17,214.40. Over the last ninety days, insiders have bought 98,837 shares of company stock worth $33,407,827 and have sold 789,945 shares worth $292,933,656. 0.27% of the stock is owned by 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.