Barclays PLC (LON:BARC) Receives Average Recommendation of “Buy” from Analysts

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 276 ($3.55).

A number of research analysts recently issued reports on the stock. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 270 ($3.47) target price on shares of Barclays in a report on Monday, September 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Barclays in a research note on Monday, September 2nd.

Insider Activity

In other Barclays news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.20), for a total value of £272,415.96 ($350,554.57). In other news, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.20), for a total transaction of £272,415.96 ($350,554.57). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.84), for a total value of £108,318.73 ($139,388.41). Company insiders own 1.47% of the company’s stock.

Barclays Trading Down 0.8 %

Shares of LON BARC opened at GBX 258.50 ($3.33) on Tuesday. The stock has a market cap of £37.51 billion, a price-to-earnings ratio of 995.00, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 12 month low of GBX 134.58 ($1.73) and a 12 month high of GBX 262 ($3.37). The company has a 50 day simple moving average of GBX 231.83 and a two-hundred day simple moving average of GBX 222.25.

Barclays Company Profile

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.