Barclays (LON:BARC) Price Target Raised to GBX 350 at Citigroup

Barclays (LON:BARC) had its price objective increased by Citigroup from GBX 320 ($4.12) to GBX 350 ($4.51) in a report released on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective points to a potential upside of 13.12% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.51) price target on shares of Barclays in a research report on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on Barclays from GBX 360 ($4.64) to GBX 370 ($4.77) and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 311.43 ($4.01).

Barclays Trading Up 2.0 %

LON:BARC traded up GBX 5.95 ($0.08) during mid-day trading on Thursday, hitting GBX 309.40 ($3.99). 1,286,881,500 shares of the company’s stock were exchanged, compared to its average volume of 77,274,445. Barclays has a fifty-two week low of GBX 168.04 ($2.17) and a fifty-two week high of GBX 316 ($4.07). The firm has a market capitalization of £44.42 billion, a P/E ratio of 9.09, a PEG ratio of 1.15 and a beta of 1.36. The company has a 50 day simple moving average of GBX 288.90 and a 200-day simple moving average of GBX 258.53.

Barclays (LON:BARC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, analysts expect that Barclays will post 39.1062802 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Berry acquired 3,028 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,475.02). Also, insider Anna Cross sold 40,197 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.48), for a total transaction of £108,531.90 ($139,896.75). 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.