Barclays (LON:BARC) Stock Gets Price Target Trim from Jefferies Financial Group

Barclays (LON:BARC) had its price target trimmed by Jefferies Financial Group from GBX 600 to GBX 590 in a research note published on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 550 price objective on shares of Barclays in a research note on Wednesday, August 12th. Citigroup decreased their price objective on shares of Barclays from GBX 510 to GBX 500 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. raised their target price on shares of Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 target price on shares of Barclays in a report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 570 price target on shares of Barclays in a report on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 575.

Barclays Stock Down 0.9%

Barclays stock opened at GBX 420.25 on Wednesday. The company has a market capitalization of £55.84 billion, a PE ratio of 8.37, a PEG ratio of 1.15 and a beta of 0.91. Barclays has a 12-month low of GBX 361.35 and a 12-month high of GBX 538.30. The firm’s fifty day moving average is GBX 450.92 and its 200 day moving average is GBX 461.29.

Barclays (LON:BARC) last released its quarterly earnings results 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%. Sell-side analysts expect that Barclays will post 39.11 EPS for the current fiscal year.

Barclays News Roundup

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays is adding about ₹1,500 crore (roughly ₹15 billion) to its Indian operations, signaling continued investment in the market and potential support for longer-term growth. Barclays Bank Plc infuses Rs 1,500 crore into India operations
• Positive Sentiment: The bank is creating a regional board to support growth in South West England, a strategic move that could help develop local business opportunities. Barclays creates regional board to back South West growth
• Neutral Sentiment: Barclays priced a $4 billion senior-note offering. The fundraising provides access to capital, while the issuance’s ultimate impact depends on its terms and use of proceeds. Barclays Prices $4 Billion Senior Note Offering
• Negative Sentiment: Jefferies issued a pessimistic forecast for Barclays’ share price, which could weigh on investor sentiment; the supplied report does not specify its target or rationale. Jefferies Financial Group Issues Pessimistic Forecast for Barclays Stock Price
• Negative Sentiment: The National Trust is moving to end its ties with Barclays as part of a climate-related push. This may create reputational pressure, though the article details provided do not quantify any financial impact. National Trust moves to cut ties with Barclays in climate push

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.