Barclays (LON:BARC – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported GBX 12.30 earnings per share for the quarter, Digital Look Earnings reports. Barclays had a net margin of 26.02% and a return on equity of 10.79%.
Barclays Price Performance
Shares of LON:BARC opened at GBX 411.05 on Friday. Barclays has a 12 month low of GBX 361.35 and a 12 month high of GBX 538.30. The firm has a market capitalization of £54.88 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.15 and a beta of 0.91. The company’s fifty day moving average price is GBX 466.15 and its 200 day moving average price is GBX 472.08.
Trending Headlines about Barclays
Here are the key news stories impacting Barclays this week:
- Positive Sentiment: Stronger profits and a new buyback support the shares. Barclays reported a 12% year-over-year increase in third-quarter pretax profit to approximately £2.3 billion, broadly in line with expectations. Strong equities trading and controlled costs offset weaker fixed-income revenue. The bank also announced an additional £500 million share repurchase program, increasing potential shareholder returns and signaling confidence in capital generation. Barclays Q3 profit rises and announces share buyback
- Positive Sentiment: Analyst support remains favorable. Deutsche Bank reaffirmed its buy rating with a GBX 570 price target, while Berenberg also maintained a buy rating and lifted or set its target at GBX 620. These targets imply considerable upside from recent trading levels. Deutsche Bank Barclays rating Berenberg Barclays rating
- Neutral Sentiment: Management is accelerating its AI and efficiency strategy. Barclays plans to eliminate about 5,000 positions, roughly 5% of its workforce, with around 60% affecting support functions. The move could lower expenses and improve productivity over time, but the financial benefits and implementation timetable remain uncertain. Barclays job cuts and AI strategy
- Negative Sentiment: Revenue and earnings-quality concerns remain. Weaker fixed-income and investment-banking revenue, along with uncertainty over UK bank taxation, are limiting enthusiasm. Bank of America maintained a hold rating and cut its price target to GBX 580, citing softer investment-banking revenue and an earnings shortfall. Barclays price target cut by Bank of America
Insider Buying and Selling
In other news, insider Nigel Higgins bought 7,604 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were acquired at an average price of GBX 497 per share, for a total transaction of £37,791.88. Also, insider Dawn Fitzpatrick bought 2,307 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average price of GBX 497 per share, for a total transaction of £11,465.79. Insiders have acquired a total of 27,498 shares of company stock valued at $13,666,506 over the last ninety days. Company insiders own 0.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on BARC shares. Jefferies Financial Group boosted their target price on shares of Barclays from GBX 590 to GBX 600 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price target on Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 550 price target on shares of Barclays in a research note on Wednesday, August 12th. Citigroup decreased their price target on Barclays from GBX 510 to GBX 500 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 price target on shares of Barclays in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barclays presently has an average rating of “Moderate Buy” and a consensus target price of GBX 576.67.
Get Our Latest Analysis on BARC
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.
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