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

Shares of Barclays PLC (LON:BARCGet Free Report) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 527.50.

BARC has been the subject of several recent research reports. Royal Bank Of Canada raised Barclays to an “outperform” rating and increased their price target for the company from GBX 550 to GBX 575 in a research note on Wednesday, April 29th. Shore Capital Group reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th. Jefferies Financial Group raised their target price on Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their target price on Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd.

View Our Latest Analysis on Barclays

Barclays Trading Down 0.6%

Shares of BARC stock opened at GBX 461.02 on Friday. The stock has a market cap of £62.86 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.15 and a beta of 0.90. The stock has a 50-day moving average of GBX 431.57 and a 200-day moving average of GBX 443.95. Barclays has a 1-year low of GBX 315.50 and a 1-year high of GBX 523.

Barclays (LON:BARCGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share for the quarter. The company had revenue of GBX 816.30 billion during the quarter. Barclays had a return on equity of 9.46% and a net margin of 17.81%. Sell-side analysts forecast that Barclays will post 39.1062802 earnings per share for the current year.

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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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Analyst Recommendations for Barclays (LON:BARC)

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