Barclays PLC (LON:BARC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Barclays PLC (LON:BARC – Get Rating) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 239 ($2.96).

Several equities analysts have weighed in on BARC shares. Jefferies Financial Group set a GBX 299 ($3.70) price target on shares of Barclays in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 230 ($2.85) price target on shares of Barclays in a report on Thursday, November 3rd. Berenberg Bank lifted their price target on shares of Barclays from GBX 260 ($3.22) to GBX 270 ($3.34) and gave the company a “buy” rating in a report on Friday, January 20th. JPMorgan Chase & Co. set a GBX 180 ($2.23) price target on shares of Barclays in a report on Wednesday, October 26th. Finally, Credit Suisse Group set a GBX 250 ($3.10) target price on shares of Barclays in a report on Thursday, October 27th.

Insider Transactions at Barclays

In related news, insider C.S. Venkatakrishnan sold 112,438 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of GBX 161 ($1.99), for a total value of £181,025.18 ($224,124.28).

Barclays Price Performance

Shares of LON:BARC opened at GBX 179.76 ($2.23) on Wednesday. Barclays has a 1-year low of GBX 132.06 ($1.64) and a 1-year high of GBX 209.45 ($2.59). The company has a market capitalization of £28.52 billion and a P/E ratio of 579.87. The firm’s 50 day simple moving average is GBX 163.67 and its two-hundred day simple moving average is GBX 159.67.

Barclays Company Profile

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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, 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.