Barclays (LON:BARC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Barclays (LON:BARCGet Free Report) had its price objective raised by Jefferies Financial Group from GBX 570 to GBX 590 in a research report issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 32.66% from the stock’s previous close.

Several other research analysts also recently weighed in on BARC. Deutsche Bank Aktiengesellschaft upped their price target on shares of Barclays from GBX 480 to GBX 570 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Barclays from GBX 500 to GBX 570 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada raised Barclays to an “outperform” rating and increased their target price for the company from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Citigroup raised their target price on Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. Five research 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 a consensus target price of GBX 527.50.

Read Our Latest Analysis on Barclays

Barclays Stock Performance

Shares of LON BARC opened at GBX 444.75 on Wednesday. The firm has a fifty day moving average of GBX 418.89 and a 200 day moving average of GBX 437.14. The firm has a market cap of £60.95 billion, a PE ratio of 10.25, a PEG ratio of 1.15 and a beta of 0.90. Barclays has a one year low of GBX 293.80 and a one year high of GBX 507.45.

Barclays (LON:BARCGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share (EPS) for the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. The business had revenue of GBX 816.30 billion for the quarter. On average, equities analysts predict that Barclays will post 39.1062802 EPS for the current fiscal year.

Insiders Place Their Bets

In other Barclays news, insider Dawn Fitzpatrick bought 2,111 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average cost of GBX 481 per share, with a total value of £10,153.91. Also, insider Brian Gilvary purchased 2,794 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was bought at an average price of GBX 481 per share, with a total value of £13,439.14. Over the last three months, insiders bought 27,452 shares of company stock worth $13,204,412. 0.27% of the stock is currently owned by insiders.

More Barclays News

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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.

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