Barclays PLC (LON:BARC) Given Consensus Rating of “Buy” by Brokerages

Shares of Barclays PLC (LON:BARC) have received an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 255.75 ($3.47).

Several research analysts have weighed in on BARC shares. Royal Bank of Canada set a GBX 210 ($2.85) price objective on Barclays in a research report on Thursday, December 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 260 ($3.53) price target on shares of Barclays in a research report on Wednesday. The Goldman Sachs Group set a GBX 300 ($4.07) price target on Barclays in a research report on Tuesday, November 2nd. Berenberg Bank upped their price target on Barclays from GBX 230 ($3.12) to GBX 245 ($3.33) and gave the company a “buy” rating in a research report on Thursday, October 21st. Finally, UBS Group set a GBX 250 ($3.39) price target on Barclays in a research report on Wednesday, January 5th.

In related news, insider Tushar Morzaria sold 61,230 shares of the firm’s stock in a transaction that occurred on Monday, December 13th. The stock was sold at an average price of GBX 183 ($2.48), for a total transaction of £112,050.90 ($152,098.41).

Shares of Barclays stock opened at GBX 215.50 ($2.93) on Friday. The stock has a fifty day simple moving average of GBX 190.74 and a 200 day simple moving average of GBX 185.56. Barclays has a 12-month low of GBX 111.83 ($1.52) and a 12-month high of GBX 219.60 ($2.98). The company has a market capitalization of £36.10 billion and a P/E ratio of 6.88.

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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