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

Shares of Barclays PLC (LON:BARC) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 294 ($3.71).

A number of equities analysts have recently commented on BARC shares. JPMorgan Chase & Co. raised their target price on shares of Barclays from GBX 350 ($4.42) to GBX 360 ($4.54) and gave the stock an “overweight” rating in a research report on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, January 30th.

Insider Transactions at Barclays

In related 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 ($3.41), for a total transaction of £108,531.90 ($136,931.49). Insiders own 1.47% of the company’s stock.

Barclays Stock Performance

Shares of Barclays stock opened at GBX 309.40 ($3.90) on Thursday. The company has a fifty day moving average of GBX 278.78 and a 200 day moving average of GBX 250.93. Barclays has a fifty-two week low of GBX 146.50 ($1.85) and a fifty-two week high of GBX 312.40 ($3.94). The company has a market capitalization of £44.42 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Analysts forecast that Barclays will post 39.1062802 EPS for the current 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.