Brokerages Set Barclays PLC (LON:BARC) Target Price at GBX 317.14

Barclays PLC (LON:BARC) has earned an average rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 317.14 ($4.09).

BARC has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on Barclays from GBX 370 ($4.77) to GBX 410 ($5.28) and gave the company a “top pick” rating in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.51) target price on shares of Barclays in a report on Monday, February 24th. Finally, Citigroup upped their price target on shares of Barclays from GBX 320 ($4.12) to GBX 350 ($4.51) and gave the company a “buy” rating in a report on Thursday, March 6th.

Insider Activity

In other Barclays news, insider Robert Berry purchased 3,028 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,475.02). Also, insider C.S. Venkatakrishnan sold 185,862 shares of Barclays stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.76), for a total transaction of £542,717.04 ($699,557.93). Corporate insiders own 1.47% of the company’s stock.

Barclays Stock Performance

LON:BARC opened at GBX 250.05 ($3.22) on Friday. Barclays has a 1 year low of GBX 176.24 ($2.27) and a 1 year high of GBX 316 ($4.07). The stock has a fifty day moving average price of GBX 297.55 and a two-hundred day moving average price of GBX 269.55. The stock has a market capitalization of £35.90 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, analysts predict that Barclays will post 39.1062802 EPS for the current year.

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.