Barclays PLC (LON:BARC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Barclays PLC (LON:BARC) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 445.83.

Several research firms recently weighed in on BARC. Royal Bank Of Canada upped their price target on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 500 price target on shares of Barclays in a report on Tuesday, December 2nd. Citigroup upped their price target on shares of Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group increased their price objective on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, October 28th.

Barclays Stock Up 0.0%

Shares of BARC opened at GBX 447.08 on Friday. The stock has a market capitalization of £62.08 billion, a P/E ratio of 11.01, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a twelve month low of GBX 223.75 and a twelve month high of GBX 454.60. The firm has a fifty day simple moving average of GBX 405.76 and a two-hundred day simple moving average of GBX 372.38.

Barclays (LON:BARC) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Sell-side analysts expect that Barclays will post 39.1062802 EPS for the current fiscal 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.