Brokerages Set Barclays PLC (LON:BARC) Target Price at GBX 311.43

Barclays PLC (LON:BARC) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 311.43 ($4.03).

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Barclays from GBX 360 ($4.65) to GBX 370 ($4.78) and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.52) price objective on shares of Barclays in a report on Monday, February 24th. Finally, Citigroup upped their price objective on Barclays from GBX 320 ($4.14) to GBX 350 ($4.52) and gave the stock a “buy” rating in a report on Thursday, March 6th.

Barclays Price Performance

LON BARC opened at GBX 293.50 ($3.79) on Monday. The firm has a market cap of £42.14 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a one year low of GBX 173.80 ($2.25) and a one year high of GBX 316 ($4.08). The stock’s 50 day simple moving average is GBX 292.73 and its 200 day simple moving average is GBX 262.

Barclays (LON:BARC) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities analysts expect that Barclays will post 39.1062802 earnings per share for the current year.

Insider Activity

In related news, insider Robert Berry purchased 3,028 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were bought at an average price of GBX 294 ($3.80) per share, with a total value of £8,902.32 ($11,507.65). 1.47% of the stock is currently owned by company 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.