Barclays PLC (LON:BARC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Barclays PLC (LON:BARC) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 424.33.

BARC has been the subject of several analyst reports. Citigroup downgraded Barclays to a “neutral” rating and boosted their price objective for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their target price on Barclays from GBX 420 to GBX 500 and gave the stock an “overweight” rating in a research report on Tuesday. Shore Capital upped their target price on Barclays from GBX 395 to GBX 410 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Jefferies Financial Group upped their target price on Barclays from GBX 405 to GBX 455 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 355 to GBX 435 and gave the company an “outperform” rating in a research note on Tuesday, August 5th.

Insider Activity at Barclays

In other news, insider Diony Lebot bought 1,616 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of GBX 371 per share, with a total value of £5,995.36. Also, insider Brian Shea bought 2,931 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were purchased at an average cost of GBX 371 per share, for a total transaction of £10,874.01. Over the last 90 days, insiders acquired 98,837 shares of company stock worth $33,407,827 and sold 789,945 shares worth $292,933,656. Company insiders own 0.27% of the company’s stock.

Barclays Trading Up 0.5%

Shares of LON BARC opened at GBX 376.75 on Thursday. The stock has a 50 day simple moving average of GBX 360.53 and a 200-day simple moving average of GBX 323.11. The company has a market cap of £52.85 billion, a PE ratio of 930.25, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 12-month low of GBX 216.20 and a 12-month high of GBX 379.32.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Sell-side analysts forecast that Barclays will post 39.1062802 earnings per share for the current fiscal year.

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.