Barclays PLC (LON:BARC) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Barclays PLC (LON:BARC - Get Free Report) have earned an average recommendation of "Buy" from the eight research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 311.43 ($4.04).

A number of research analysts recently commented on BARC shares. JPMorgan Chase & Co. raised their price target on Barclays from GBX 360 ($4.67) to GBX 370 ($4.80) and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Citigroup upped their price objective on Barclays from GBX 320 ($4.15) to GBX 350 ($4.54) and gave the stock a "buy" rating in a research report on Thursday, March 6th. Shore Capital reissued a "buy" rating on shares of Barclays in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 350 ($4.54) price objective on shares of Barclays in a research note on Monday, February 24th.

Barclays Stock Performance

LON BARC traded down GBX 3.90 ($0.05) during trading on Monday, hitting GBX 288.20 ($3.74). The stock had a trading volume of 440,273,094 shares, compared to its average volume of 58,961,559. Barclays has a 12 month low of GBX 173.80 ($2.25) and a 12 month high of GBX 316 ($4.10). The company's 50-day moving average price is GBX 291.73 and its two-hundred day moving average price is GBX 260.87. The company has a market capitalization of £41.38 billion, a PE ratio of 8.47, a P/E/G ratio of 1.15 and a beta of 1.36.

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Barclays (LON:BARC - Get Free Report) last issued its 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 anticipate that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Transactions at Barclays

In related news, insider Robert Berry acquired 3,028 shares of the company's stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.81) per share, for a total transaction of £8,902.32 ($11,544.96). 1.47% of the stock is owned by corporate insiders.

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.