Barclays PLC (LON:BARC) Receives Consensus Rating of “Buy” from Analysts

Shares of Barclays PLC (LON:BARC) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 294 ($3.67).

A number of research firms have recently commented on BARC. JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 350 ($4.37) to GBX 360 ($4.49) and gave the company an “overweight” rating in a research note on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, October 24th.

Barclays Trading Down 1.9 %

Barclays stock opened at GBX 293.05 ($3.66) on Friday. The stock has a 50-day moving average price of GBX 268.07 and a two-hundred day moving average price of GBX 243.36. Barclays has a 12 month low of GBX 139.54 ($1.74) and a 12 month high of GBX 299.30 ($3.74). The company has a market capitalization of £42.52 billion, a PE ratio of 1,127.12, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported GBX 10.70 ($0.13) EPS for the quarter. Barclays had a net margin of 21.24% and a return on equity of 7.12%. As a group, analysts predict that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.37), for a total value of £108,531.90 ($135,478.59). Company insiders own 1.47% 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.