Barclays (LON:BARC) Stock Rating Reaffirmed as Buy by Deutsche Bank Aktiengesellschaft

Barclays (LON:BARC – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 570 price target on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft‘s price objective points to a potential upside of 37.15% from the stock’s previous close.

Several other brokerages have also issued reports on BARC. Jefferies Financial Group upped their target price on Barclays from GBX 590 to GBX 600 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 620 price target on shares of Barclays in a report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a GBX 550 price target on shares of Barclays in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Finally, Citigroup decreased their price objective on shares of Barclays from GBX 510 to GBX 500 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Barclays currently has an average rating of “Moderate Buy” and an average price target of GBX 576.67.

View Our Latest Analysis on BARC

Barclays Trading Up 1.1%

Shares of BARC stock traded up GBX 4.55 during trading hours on Friday, reaching GBX 415.60. 286,683,438 shares of the company’s stock were exchanged, compared to its average volume of 48,819,484. The stock’s 50 day moving average is GBX 466.15 and its 200-day moving average is GBX 472.53. The company has a market cap of £55.49 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.15 and a beta of 0.91. Barclays has a fifty-two week low of GBX 361.35 and a fifty-two week high of GBX 538.30.

Barclays (LON:BARC – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported GBX 12.30 earnings per share for the quarter. Barclays had a return on equity of 10.79% and a net margin of 26.02%. Equities analysts anticipate that Barclays will post 39.11 EPS for the current year.

Insider Transactions at Barclays

In other news, insider Brian Shea purchased 2,393 shares of the stock in a transaction on Tuesday, July 28th. The stock was bought at an average price of GBX 497 per share, with a total value of £11,893.21. Also, insider Nigel Higgins purchased 7,604 shares of the stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of GBX 497 per share, with a total value of £37,791.88. Insiders acquired 27,498 shares of company stock worth $13,666,506 over the last 90 days. Insiders own 0.34% of the company’s stock.

Barclays Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Barclays (LON:BARC)

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