Barclays (LON:BARC) Stock Price Expected to Rise, Citigroup Analyst Says

Barclays (LON:BARC) had its price objective upped by analysts at Citigroup from GBX 400 to GBX 415 in a report issued on Thursday, MarketBeat reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price objective suggests a potential upside of 6.88% from the stock’s previous close.

BARC has been the subject of several other reports. JPMorgan Chase & Co. upped their price target on shares of Barclays from GBX 420 to GBX 500 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Jefferies Financial Group lifted their target price on shares of Barclays from GBX 405 to GBX 455 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 380 target price on shares of Barclays in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on shares of Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 443.33.

Barclays Stock Performance

Shares of BARC opened at GBX 388.30 on Thursday. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 389.90. The firm has a market cap of £54.24 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The firm’s 50-day simple moving average is GBX 375.67 and its 200 day simple moving average is GBX 342.05.

Barclays (LON:BARC) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, equities analysts forecast that Barclays will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In other Barclays news, insider Brian Shea acquired 2,931 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were purchased at an average cost of GBX 371 per share, with a total value of £10,874.01. Also, insider Anna Cross sold 753,438 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of GBX 373, for a total transaction of £2,810,323.74. In the last three months, insiders purchased 26,377 shares of company stock valued at $9,785,867. Corporate insiders own 0.33% 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.