Shares of Barclays PLC (LON:BARC – Get Free Report) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 575.
Several research firms recently issued reports on BARC. Jefferies Financial Group cut their price objective on Barclays from GBX 600 to GBX 590 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Berenberg Bank restated a “buy” rating and set a GBX 620 target price on shares of Barclays in a report on Friday, October 23rd. 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 cut their price target on shares of Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Barclays from GBX 610 to GBX 620 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th.
View Our Latest Stock Analysis on Barclays
Key Headlines Impacting Barclays
Here are the key news stories impacting Barclays this week:
- Positive Sentiment: Barclays opened an office in Riyadh, expanding its presence in Saudi Arabia and potentially supporting growth in the region. Barclays Opens Saudi Office Even as Houthis Ramp Up Attacks
- Neutral Sentiment: The bank filed documents for a proposed £750 million issue of 8.625% fixed-rate contingent convertible securities. The fundraising can support regulatory capital, but the high coupon represents a funding cost; the report does not indicate a direct near-term earnings impact. Barclays Files Documents for £750 Million Contingent Convertible Securities
- Neutral Sentiment: Barclays confirmed eligibility for customer rewards of up to £300. This appears to be a customer offer, not a shareholder payout, and is unlikely by itself to materially change the investment case. Barclays confirms who will get free £300 rewards
- Negative Sentiment: The Riyadh expansion comes against a backdrop of Houthi attacks and a government travel warning, highlighting potential security and operational risks in the region. Barclays opens new Saudi office despite government travel warning
Barclays Stock Performance
Shares of BARC stock opened at GBX 439.35 on Tuesday. The firm has a market cap of £58.38 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.15 and a beta of 0.91. The firm’s 50 day moving average price is GBX 449.51 and its 200-day moving average price is GBX 461.04. Barclays has a one year low of GBX 361.35 and a one year high of GBX 538.30.
Barclays (LON:BARC – Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported GBX 12.30 earnings per share (EPS) for the quarter. Barclays had a return on equity of 10.79% and a net margin of 26.02%. As a group, research analysts predict that Barclays will post 39.11 EPS for the current fiscal year.
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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