Barclays’ (BARC) Buy Rating Reiterated at Jefferies Financial Group

Barclays (LON:BARC)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research note issued to investors on Monday, London Stock Exchange reports. They presently have a GBX 600 target price on the financial services provider’s stock. Jefferies Financial Group‘s target price would suggest a potential upside of 43.59% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 570 price target on shares of Barclays in a report on Friday. Citigroup lowered their price target on Barclays from GBX 510 to GBX 500 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Berenberg Bank restated a “buy” rating and set a GBX 620 price objective on shares of Barclays in a research note on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 550 price objective on shares of Barclays in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Barclays presently has an average rating of “Moderate Buy” and a consensus price target of GBX 576.67.

Barclays Stock Performance

BARC stock opened at GBX 417.85 on Monday. The business has a 50-day simple moving average of GBX 466.15 and a two-hundred day simple moving average of GBX 472.53. The company has a market capitalization of £55.79 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91. Barclays has a 52-week low of GBX 361.35 and a 52-week high of GBX 538.30.

Barclays (LON:BARC) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported GBX 12.30 EPS for the quarter. Barclays had a return on equity of 10.79% and a net margin of 26.02%. As a group, sell-side analysts forecast that Barclays will post 39.11 earnings per share for the current fiscal year.

Insider Transactions at Barclays

In other news, insider Mary Mack bought 2,160 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average price of GBX 497 per share, with a total value of £10,735.20. Also, insider Robert Berry bought 1,908 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of GBX 497 per share, for a total transaction of £9,482.76. In the last 90 days, insiders have bought 27,498 shares of company stock worth $13,666,506. Company insiders own 0.34% 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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.