Barclays PLC (LON:BARC – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 516.60 and last traded at GBX 513.20, with a volume of 75462813 shares. The stock had previously closed at GBX 496.45.
Analyst Ratings Changes
Several research firms recently commented on BARC. Royal Bank Of Canada upgraded shares of Barclays to an “outperform” rating and raised their price target for the company from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th. Citigroup increased their price objective on shares of Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Barclays from GBX 590 to GBX 600 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group upped their price target on shares of Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 532.50.
Check Out Our Latest Research Report on Barclays
Barclays Trading Up 3.4%
Barclays (LON:BARC – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share (EPS) for the quarter. The company had revenue of GBX 816.30 billion during the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. As a group, research analysts forecast that Barclays PLC will post 39.1062802 EPS for the current year.
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. 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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