Brokerages Set Barclays PLC (LON:BARC) Target Price at GBX 445.83

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 445.83.

Several brokerages recently weighed in on BARC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 500 target price on shares of Barclays in a report on Tuesday, December 2nd. Citigroup lifted their price objective on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada increased their target price on Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group upped their price target on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd.

Barclays Stock Performance

Barclays stock opened at GBX 454.25 on Friday. Barclays has a fifty-two week low of GBX 223.75 and a fifty-two week high of GBX 456.98. The stock’s 50 day simple moving average is GBX 407.23 and its two-hundred day simple moving average is GBX 373.95. The stock has a market cap of £63.07 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, analysts predict that Barclays will post 39.1062802 earnings per share for the current year.

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.