Barclays PLC (LON:BARC – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 576.67.
Several brokerages recently weighed in on BARC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 570 target price on shares of Barclays in a research note on Wednesday, July 29th. Jefferies Financial Group increased their price target on shares of Barclays from GBX 590 to GBX 600 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. upped their target price on shares of Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 620 price target on shares of Barclays in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 550 target price on shares of Barclays in a research report on Wednesday, August 12th.
Check Out Our Latest Stock Analysis on BARC
Insider Buying and Selling
In related news, insider Nigel Higgins purchased 7,604 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were purchased at an average price of GBX 497 per share, with a total value of £37,791.88. Also, insider Dawn Fitzpatrick acquired 2,307 shares of Barclays stock in a transaction on Tuesday, July 28th. The shares were bought at an average cost of GBX 497 per share, with a total value of £11,465.79. Insiders acquired a total of 27,498 shares of company stock valued at $13,666,506 in the last quarter. Corporate insiders own 0.34% of the company’s stock.
Barclays Price Performance
BARC stock opened at GBX 433.10 on Friday. The firm has a market capitalization of £57.83 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91. The business has a 50 day simple moving average of GBX 478.18 and a 200-day simple moving average of GBX 471.80. Barclays has a 1 year low of GBX 353.55 and a 1 year high of GBX 538.30.
Barclays (LON:BARC – Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 EPS for the quarter. Barclays had a net margin of 25.61% and a return on equity of 10.11%. On average, equities research analysts expect that Barclays will post 39.11 EPS for the current year.
More Barclays News
Here are the key news stories impacting Barclays this week:
- Positive Sentiment: India IPO expansion could create a new growth opportunity. Barclays plans to rebuild its equity-capital-markets and advisory business in India after nearly a decade away, targeting the country’s expanding IPO market. Strong fundraising activity, retail participation and a large pipeline of companies seeking listings could support future fee revenue. Barclays plans to build from Ground Zero to tap India’s IPO boom
- Positive Sentiment: Analysts see potential undervaluation. One report estimates Barclays could be about 23% undervalued following its India expansion plans, suggesting the market may not yet reflect the earnings potential from a stronger investment-banking franchise and improved activity in India. Barclays could be 23% undervalued following its India expansion plan
- Neutral Sentiment: Barclays remains active in market research and deal-related coverage. Recent reports highlight Barclays’ expectations for a possible Tesla-SpaceX announcement and its downgrades of several AI-hardware stocks. These calls may reinforce Barclays’ profile with corporate and institutional clients, but they do not directly change the bank’s near-term earnings outlook. Barclays expects Tesla-SpaceX merger announcement ahead of December shareholder meeting
- Negative Sentiment: No major company-specific negative catalyst was reported. However, Barclays’ shares remain below their recent moving-average levels and well off the 12-month high, indicating that investors may still be cautious about the broader banking and investment-banking environment despite the positive India opportunity.
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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