Barclays PLC (LON:BARC) Given Average Rating of “Buy” by Analysts

Barclays PLC (LON:BARC) has received a consensus recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 311.43 ($4.03).

BARC has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Citigroup upped their target price on Barclays from GBX 320 ($4.14) to GBX 350 ($4.53) and gave the company a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. upped their target price on Barclays from GBX 360 ($4.66) to GBX 370 ($4.79) and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.53) target price on shares of Barclays in a report on Monday, February 24th.

Insiders Place Their Bets

In other news, insider Robert Berry acquired 3,028 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was acquired at an average price of GBX 294 ($3.80) per share, for a total transaction of £8,902.32 ($11,515.10). 1.47% of the stock is owned by corporate insiders.

Barclays Price Performance

Shares of BARC opened at GBX 294.75 ($3.81) on Monday. The firm has a market cap of £42.32 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 292.73 and a two-hundred day simple moving average of GBX 261.51. Barclays has a 1 year low of GBX 173.80 ($2.25) and a 1 year high of GBX 316 ($4.09).

Barclays (LON:BARC) last issued its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, equities analysts anticipate that Barclays will post 39.1062802 earnings per share for the current 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.