Barclays PLC (LON:BARC) Stock Has Average Price Target of GBX 576.67 According to Analysts

Barclays PLC (LON:BARC) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 576.67.

Several analysts have commented on BARC shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 550 price target on shares of Barclays in a research note on Wednesday, August 12th. Berenberg Bank restated a “buy” rating and set a GBX 620 price objective on shares of Barclays in a research report on Friday, October 23rd. Citigroup reduced their target price on Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 600 target price on shares of Barclays in a report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 570 target price on shares of Barclays in a research report on Friday, October 23rd.

Insiders Place Their Bets

In other Barclays news, insider Anna Cross sold 461,588 shares of Barclays stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 521, for a total value of £2,404,873.48. 0.34% of the stock is owned by corporate insiders.

Barclays News Summary

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Share buybacks and lower voting rights: Barclays reported October share repurchases and a reduction in voting rights, indicating ongoing capital returns and potentially supporting per-share value by reducing the share count. Barclays Reports October Share Buybacks and Reduced Voting Rights
• Positive Sentiment: $1.75 billion notes redemption: Barclays announced the redemption of $1.75 billion in notes. The move may reduce future interest expense and reflects active balance-sheet and funding management, though the near-term earnings benefit is likely modest. Barclays Announces Redemption of $1.75 Billion Notes
• Neutral Sentiment: Investment and disclosure activity: Barclays reported an indirect 8.77% stake in Qiagen and previously disclosed a substantial increase in its Entergy position. These filings may reflect client, trading or investment-book activity, but they do not materially change Barclays’ core banking outlook. Barclays Reports 8.77% Indirect Stake in Qiagen
• Neutral Sentiment: Research franchise activity: Barclays downgraded PayPal to underweight and upgraded Tesla to overweight. These calls could influence trading and advisory activity, but they have no immediate, direct effect on Barclays’ financial results. Barclays downgrades PayPal Holdings to underweight from equal-weight
• Negative Sentiment: Customer-data warning: A warning involving NatWest, Barclays and Lloyds customers about personal details creates a modest reputational and compliance overhang, although the report does not indicate a specific financial loss or confirmed Barclays breach. NatWest, Barclays and Lloyds customers issued personal details warning

Barclays Stock Down 1.1%

LON BARC opened at GBX 419.40 on Tuesday. Barclays has a twelve month low of GBX 361.35 and a twelve month high of GBX 538.30. The business has a 50-day moving average price of GBX 456.94 and a 200-day moving average price of GBX 462.54. The firm has a market cap of £56.00 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91.

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

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. 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.