Barclays PLC (LON:BARC) Given Average Rating of "Buy" by Brokerages

Shares of Barclays PLC (LON:BARC - Get Free Report) have been given a consensus recommendation of "Buy" by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 294 ($3.70).

BARC has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Barclays from GBX 350 ($4.40) to GBX 360 ($4.53) and gave the stock an "overweight" rating in a report on Monday, January 13th. Shore Capital reissued a "buy" rating on shares of Barclays in a report on Thursday, January 30th.

Barclays Price Performance

BARC traded up GBX 0.34 ($0.00) on Thursday, hitting GBX 293.59 ($3.69). 80,730,313 shares of the stock were exchanged, compared to its average volume of 44,030,957. Barclays has a 12 month low of GBX 141.67 ($1.78) and a 12 month high of GBX 312.40 ($3.93). The business has a 50-day moving average of GBX 278.78 and a two-hundred day moving average of GBX 250.93. The firm has a market capitalization of £42.15 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Equities research analysts expect that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Activity

In other Barclays news, insider Anna Cross sold 40,197 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.40), for a total transaction of £108,531.90 ($136,535.29). 1.47% of the stock is currently owned by 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.