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

Barclays PLC (LON:BARC) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 292 ($3.67).

BARC has been the topic of several analyst reports. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 350 ($4.40) target price on shares of Barclays in a research note on Wednesday, December 11th. Finally, Citigroup reiterated a “buy” rating on shares of Barclays in a report on Monday, September 2nd.

Barclays Stock Performance

Shares of BARC stock opened at GBX 263.30 ($3.31) on Wednesday. The company has a market capitalization of £38.20 billion, a price-to-earnings ratio of 1,012.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a one year low of GBX 138.40 ($1.74) and a one year high of GBX 273.25 ($3.44). The company’s 50-day moving average is GBX 256.99 and its 200 day moving average is GBX 234.65.

Insider Buying and Selling

In other Barclays news, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.13), for a total value of £272,415.96 ($342,704.69). Also, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.40), for a total value of £108,531.90 ($136,535.29). 1.47% of the stock is currently owned by insiders.

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.