Barclays (LON:BARC – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to 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 target would indicate a potential upside of 38.67% from the stock’s previous close.
A number of other research firms have also recently issued reports on BARC. Jefferies Financial Group increased their price objective on shares of Barclays from GBX 590 to GBX 600 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 550 target price on shares of Barclays in a research report on Wednesday, August 12th. Citigroup dropped their price target on Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price target on Barclays from GBX 610 to GBX 620 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 620 price objective on shares of Barclays in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 576.67.
Get Our Latest Stock Report on Barclays
Barclays Stock Performance
LON:BARC opened at GBX 411.05 on Friday. The stock has a market capitalization of £54.88 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.15 and a beta of 0.91. The firm has a fifty day simple moving average of GBX 466.15 and a two-hundred day simple moving average of GBX 472.53. Barclays has a 12 month low of GBX 361.35 and a 12 month high of GBX 538.30.
Barclays (LON:BARC – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported GBX 12.30 earnings per share for the quarter. Barclays had a net margin of 26.02% and a return on equity of 10.79%. Equities analysts predict that Barclays will post 39.11 earnings per share for the current fiscal year.
Insider Transactions at Barclays
In other news, insider Anna Cross sold 461,588 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 521, for a total transaction of £2,404,873.48. Also, insider Dawn Fitzpatrick bought 2,307 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were acquired at an average cost of GBX 497 per share, with a total value of £11,465.79. In the last three months, insiders purchased 27,498 shares of company stock valued at $13,666,506. Corporate insiders own 0.34% of the company’s stock.
Key Stories Impacting 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
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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