Barclays PLC (LON:BARC) Receives GBX 292 Consensus Price Target from Analysts

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 292 ($3.67).

Several brokerages have weighed in on BARC. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Citigroup reiterated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 350 ($4.40) price objective on shares of Barclays in a research note on Wednesday, December 11th.

Insider Buying and Selling

In other Barclays news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.13), for a total transaction of £272,415.96 ($342,790.94). Also, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.40), for a total transaction of £108,531.90 ($136,569.65). 1.47% of the stock is owned by insiders.

Barclays Stock Up 0.5 %

BARC opened at GBX 264.81 ($3.33) on Wednesday. The company has a market capitalization of £38.42 billion, a P/E ratio of 1,018.50, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 138.40 ($1.74) and a 52 week high of GBX 273.25 ($3.44). The stock’s fifty day moving average is GBX 256.99 and its two-hundred day moving average is GBX 234.29.

About Barclays

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.