Barclays (LON:BARC) Receives Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research report report published on Thursday, Marketbeat reports.

Separately, JPMorgan Chase & Co. upped their target price on Barclays from GBX 350 ($4.35) to GBX 360 ($4.47) and gave the stock an “overweight” rating in a research note on Monday, January 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barclays currently has a consensus rating of “Buy” and a consensus target price of GBX 294 ($3.65).

Barclays Stock Up 0.3 %

Barclays stock opened at GBX 296.70 ($3.68) on Thursday. The stock has a 50-day moving average price of GBX 270.04 and a 200 day moving average price of GBX 245.02. The company has a market capitalization of £43.05 billion, a price-to-earnings ratio of 1,141.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 139.54 ($1.73) and a 52 week high of GBX 299.30 ($3.72).

Insider Activity

In other Barclays news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.35), for a total transaction of £108,531.90 ($134,788.75). Company insiders own 1.47% of the company’s stock.

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.