Shore Capital Reiterates “Buy” Rating for Barclays (LON:BARC)

Barclays (LON:BARCGet Free Report)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

Separately, JPMorgan Chase & Co. increased their price objective on shares of Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the company an “overweight” rating in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 294 ($3.66).

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Barclays Price Performance

Shares of LON BARC traded down GBX 0.50 ($0.01) during midday trading on Thursday, hitting GBX 295.80 ($3.68). The company’s stock had a trading volume of 32,969,211 shares, compared to its average volume of 39,525,719. The business’s fifty day simple moving average is GBX 270.04 and its two-hundred day simple moving average is GBX 245.02. Barclays has a 1 year low of GBX 139.54 ($1.74) and a 1 year high of GBX 299.30 ($3.73). The firm has a market capitalization of £42.92 billion, a price-to-earnings ratio of 1,137.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.36), for a total transaction of £108,531.90 ($135,124.38). Corporate insiders own 1.47% of the company’s stock.

Barclays Company Profile

(Get Free Report)

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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