Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Barclays (LON:BARC)

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research note published on Monday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 350 ($4.44) target price on the financial services provider’s stock.

BARC has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of Barclays from GBX 360 ($4.57) to GBX 370 ($4.69) and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 305 ($3.87).

Barclays Trading Up 4.1 %

Barclays stock opened at GBX 308.95 ($3.92) on Monday. The company has a market cap of £44.36 billion, a PE ratio of 9.08, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 1 year low of GBX 162.18 ($2.06) and a 1 year high of GBX 312.60 ($3.96). The company’s 50-day moving average is GBX 284.67 and its two-hundred day moving average is GBX 255.76.

Barclays (LON:BARC) last posted its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Research analysts forecast that Barclays will post 39.1062802 EPS for the current year.

Insider Transactions at Barclays

In related news, insider Robert Berry acquired 3,028 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was bought at an average price of GBX 294 ($3.73) per share, with a total value of £8,902.32 ($11,290.20). Also, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.42), for a total transaction of £108,531.90 ($137,643.50). Company insiders own 1.47% 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.