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

Shares of Barclays PLC (LON:BARC) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 294 ($3.63).

Several equities research analysts have weighed in on BARC shares. JPMorgan Chase & Co. increased their price target on shares of Barclays from GBX 350 ($4.32) to GBX 360 ($4.45) and gave the company an “overweight” rating in a research report on Monday, January 13th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, October 24th.

Barclays Stock Down 1.5 %

Shares of LON:BARC opened at GBX 294.20 ($3.63) on Friday. The company’s fifty day moving average is GBX 266.58 and its 200 day moving average is GBX 242.49. Barclays has a 52 week low of GBX 139.54 ($1.72) and a 52 week high of GBX 299.30 ($3.70). The stock has a market cap of £42.69 billion, a PE ratio of 1,131.54, a PEG ratio of 1.15 and a beta of 1.36.

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

Insider Buying and Selling

In related news, insider Anna Cross sold 40,197 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.33), for a total value of £108,531.90 ($134,056.20). 1.47% of the stock is owned by insiders.

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.