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

Barclays PLC (LON:BARC) has received a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 276 ($3.52).

A number of brokerages have commented on BARC. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 270 ($3.44) price objective on shares of Barclays in a research note on Monday, September 9th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Finally, Citigroup restated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd.

Barclays Trading Down 0.5 %

LON:BARC opened at GBX 263.80 ($3.36) on Friday. Barclays has a 12 month low of GBX 136.50 ($1.74) and a 12 month high of GBX 265.50 ($3.38). The business’s 50-day moving average is GBX 242.88 and its 200 day moving average is GBX 227.55. The company has a market capitalization of £38.28 billion, a P/E ratio of 1,014.62, a P/E/G ratio of 1.15 and a beta of 1.36.

Insiders Place Their Bets

In related news, insider Anna Cross sold 49,013 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.81), for a total value of £108,318.73 ($137,968.07). Also, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.17), for a total value of £272,415.96 ($346,982.50). 1.47% of the stock is currently owned by company 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.