Barclays (LON:BARC) Earns “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research note published on Wednesday morning, MarketBeat reports.

A number of other equities analysts have also weighed in on BARC. JPMorgan Chase & Co. restated an overweight rating on shares of Barclays in a research report on Tuesday, March 12th. Berenberg Bank reissued a buy rating and set a GBX 280 ($3.56) price objective on shares of Barclays in a report on Thursday, May 16th. Royal Bank of Canada reduced their target price on Barclays from GBX 260 ($3.30) to GBX 250 ($3.18) and set an outperform rating on the stock in a report on Thursday, June 13th. Jefferies Financial Group reissued a buy rating and set a GBX 335 ($4.26) price target on shares of Barclays in a research note on Tuesday, May 21st. Finally, Peel Hunt initiated coverage on Barclays in a research note on Friday, April 19th. They issued a buy rating and a GBX 245 ($3.11) price objective on the stock. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of GBX 262 ($3.33).

Barclays Trading Up 0.3 %

LON BARC opened at GBX 207.25 ($2.63) on Wednesday. Barclays has a 12 month low of GBX 128.12 ($1.63) and a 12 month high of GBX 224.30 ($2.85). The stock has a market cap of £30.98 billion, a PE ratio of 795.00, a P/E/G ratio of -1.09 and a beta of 1.35. The stock’s 50 day moving average is GBX 206.05 and its 200 day moving average is GBX 175.35.

Insider Activity

In related 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 ($2.58), for a total transaction of £108,446.66 ($137,797.53). Corporate insiders own 1.43% of the company’s stock.

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.