Analysts Set Barclays PLC (LON:BARC) Target Price at GBX 294

Barclays PLC (LON:BARC) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 294 ($3.62).

A number of research firms have recently weighed in on BARC. JPMorgan Chase & Co. boosted their price objective on shares of Barclays from GBX 350 ($4.32) to GBX 360 ($4.44) and gave the company an “overweight” rating in a research report on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, October 24th.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.33), for a total value of £108,531.90 ($133,808.29). Also, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.07), for a total transaction of £272,415.96 ($335,859.89). Insiders own 1.47% of the company’s stock.

Barclays Stock Performance

Barclays stock opened at GBX 295.95 ($3.65) on Friday. Barclays has a fifty-two week low of GBX 139.54 ($1.72) and a fifty-two week high of GBX 298.15 ($3.68). The company has a market capitalization of £42.94 billion, a price-to-earnings ratio of 1,138.27, a PEG ratio of 1.15 and a beta of 1.36. The stock has a fifty day moving average of GBX 265.10 and a two-hundred day moving average of GBX 241.59.

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

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.