Barclays (LON:BARC) Given Buy Rating at Jefferies Financial Group

by · The Cerbat Gem

Barclays (LON:BARC – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Monday, MarketBeat reports. They presently have a GBX 600 target price on the financial services provider’s stock. Jefferies Financial Group‘s price target would suggest a potential upside of 44.37% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 610 to GBX 620 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 550 price target on shares of Barclays in a research note on Wednesday, August 12th. Citigroup lowered their price objective on Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 620 price objective on shares of Barclays in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 570 price objective on shares of Barclays in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Barclays presently has a consensus rating of “Moderate Buy” and an average price target of GBX 576.67.

View Our Latest Report on Barclays

Barclays Stock Performance

Shares of LON:BARC traded up GBX 4.55 during midday trading on Monday, reaching GBX 415.60. 286,683,438 shares of the company’s stock traded hands, compared to its average volume of 48,819,484. The company has a fifty day simple moving average of GBX 466.15 and a two-hundred day simple moving average of GBX 472.53. Barclays has a 1 year low of GBX 361.35 and a 1 year high of GBX 538.30. The company has a market cap of £55.49 billion, a P/E ratio of 8.60, a PEG ratio of 1.15 and a beta of 0.91.

Barclays (LON:BARC – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported GBX 12.30 EPS for the quarter. Barclays had a net margin of 26.02% and a return on equity of 10.79%. As a group, research analysts forecast that Barclays will post 39.11 EPS for the current fiscal year.

Insider Buying and Selling at Barclays

In other news, insider Anna Cross sold 461,588 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 521, for a total value of £2,404,873.48. Also, insider Julia Wilson purchased 2,033 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was acquired at an average cost of GBX 497 per share, for a total transaction of £10,104.01. Over the last three months, insiders have bought 27,498 shares of company stock valued at $13,666,506. 0.34% of the stock is owned by company insiders.

About Barclays

(Get Free Report)

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.

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