Analysts Set Barclays PLC (LON:BARC) PT at GBX 294

Barclays PLC (LON:BARC) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 296 ($3.72).

Several brokerages recently commented on BARC. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on Barclays from GBX 360 ($4.53) to GBX 370 ($4.66) and gave the company an “overweight” rating in a report on Tuesday.

Barclays Trading Up 0.5 %

Shares of LON BARC opened at GBX 307.45 ($3.87) on Thursday. The company has a fifty day moving average price of GBX 280.40 and a 200 day moving average price of GBX 252.20. Barclays has a 1-year low of GBX 159.10 ($2.00) and a 1-year high of GBX 312.60 ($3.93). The firm has a market cap of £44.14 billion, a PE ratio of 9.04, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities research analysts forecast that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling at Barclays

In other Barclays news, insider Robert Berry bought 3,028 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were bought at an average cost of GBX 294 ($3.70) per share, with a total value of £8,902.32 ($11,202.11). Also, insider Anna Cross sold 40,197 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.40), for a total value of £108,531.90 ($136,569.65). Corporate insiders own 1.47% of the company’s stock.

About Barclays

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.