Barclays PLC (LON:BARC) Receives GBX 311.43 Average Price Target from Brokerages

Barclays PLC (LON:BARC) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 311.43 ($4.03).

Several equities research analysts recently commented on BARC shares. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Barclays from GBX 360 ($4.66) to GBX 370 ($4.79) and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Citigroup increased their price objective on Barclays from GBX 320 ($4.14) to GBX 350 ($4.53) and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.53) price objective on shares of Barclays in a research report on Monday, February 24th.

Insiders Place Their Bets

In related news, insider Robert Berry acquired 3,028 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.80) per share, with a total value of £8,902.32 ($11,515.10). Insiders own 1.47% of the company’s stock.

Barclays Price Performance

Shares of LON:BARC opened at GBX 294.75 ($3.81) on Monday. Barclays has a 1-year low of GBX 173.80 ($2.25) and a 1-year high of GBX 316 ($4.09). The business has a fifty day moving average price of GBX 292.73 and a 200-day moving average price of GBX 261.51. The company has a market capitalization of £42.32 billion, a PE ratio of 8.66, a PEG ratio of 1.15 and a beta of 1.36.

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