Barclays (LON:BARC - Get Free Report) was downgraded by Citigroup to a "neutral" rating in a research note issued on Friday, Marketbeat.com reports. They presently have a GBX 366 ($4.91) target price on the financial services provider's stock, up from their previous target price of GBX 360 ($4.83). Citigroup's price target would suggest a potential upside of 5.30% from the company's current price.
A number of other research analysts have also recently commented on BARC. JPMorgan Chase & Co. increased their price target on shares of Barclays from GBX 370 ($4.97) to GBX 410 ($5.50) and gave the company a "top pick" rating in a research report on Tuesday, March 25th. Royal Bank Of Canada increased their price target on shares of Barclays from GBX 340 ($4.56) to GBX 355 ($4.77) and gave the company an "outperform" rating in a research report on Wednesday. Finally, Shore Capital reiterated a "buy" rating on shares of Barclays in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 370.25 ($4.97).
View Our Latest Analysis on BARC
Barclays Trading Down 1.0%
Shares of LON:BARC traded down GBX 3.62 ($0.05) during midday trading on Friday, reaching GBX 347.58 ($4.67). The company had a trading volume of 27,448,518 shares, compared to its average volume of 47,436,887. The company's 50 day moving average price is GBX 329.28 and its 200 day moving average price is GBX 302.57. The stock has a market cap of £49.91 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 52-week low of GBX 196.44 ($2.64) and a 52-week high of GBX 352 ($4.72).
Barclays (LON:BARC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Research analysts forecast that Barclays will post 39.1062802 EPS for the current fiscal year.
Insider Transactions at Barclays
In related news, insider Anna Cross sold 13,112 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.38), for a total value of £42,745.12 ($57,376.00). Also, insider C.S. Venkatakrishnan sold 23,395 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of GBX 326 ($4.38), for a total value of £76,267.70 ($102,372.75). Insiders own 1.47% of the company's stock.
About Barclays
(
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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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