Brokerages Set Barclays PLC (LON:BARC) Price Target at GBX 329.17

Shares of Barclays PLC (LON:BARC) have been given a consensus rating of “Buy” by the seven brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 329.17 ($4.37).

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.65) price objective on shares of Barclays in a research report on Monday, February 24th. Citigroup raised their price objective on Barclays from GBX 320 ($4.25) to GBX 350 ($4.65) and gave the company a “buy” rating in a research note on Thursday, March 6th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Barclays from GBX 370 ($4.92) to GBX 410 ($5.45) and gave the stock a “top pick” rating in a research report on Tuesday, March 25th.

Barclays Stock Performance

Shares of LON:BARC opened at GBX 300 ($3.99) on Tuesday. Barclays has a 1 year low of GBX 196.44 ($2.61) and a 1 year high of GBX 316 ($4.20). The stock has a 50-day simple moving average of GBX 286.77 and a 200-day simple moving average of GBX 275.48. The stock has a market capitalization of £43.07 billion, a P/E ratio of 8.82, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.17) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Analysts predict that Barclays will post 39.1062802 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Berry bought 3,028 shares of the company’s stock in a transaction on Friday, February 14th. The shares were purchased at an average cost of GBX 294 ($3.91) per share, with a total value of £8,902.32 ($11,827.18). Also, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.88), for a total transaction of £542,717.04 ($721,027.02). 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.