Barclays PLC (LON:BARC) Receives GBX 262 Consensus Price Target from Analysts

Barclays PLC (LON:BARC) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat.com 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 brokerages that have covered the stock in the last year is GBX 276 ($3.54).

A number of equities analysts recently issued reports on BARC shares. JPMorgan Chase & Co. increased their price objective on Barclays from GBX 240 ($3.07) to GBX 270 ($3.46) and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. Peel Hunt initiated coverage on Barclays in a research note on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.14) price target for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 335 ($4.29) price target on shares of Barclays in a research note on Tuesday, May 21st. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, June 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 280 ($3.59) price target on shares of Barclays in a research note on Thursday, May 16th.

Insider Activity

In other news, insider Anna Cross sold 53,422 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.60), for a total transaction of £108,446.66 ($138,909.52). Insiders own 1.43% of the company’s stock.

Barclays Price Performance

Shares of BARC stock opened at GBX 218.45 ($2.80) on Wednesday. Barclays has a 12-month low of GBX 128.12 ($1.64) and a 12-month high of GBX 226.20 ($2.90). The firm has a market capitalization of £32.66 billion, a price-to-earnings ratio of 837.31, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35. The business has a 50 day simple moving average of GBX 212.28 and a 200 day simple moving average of GBX 182.22.

Barclays Company Profile

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.