Barclays’ (BARC) Buy Rating Reiterated at Jefferies Financial Group

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Monday, London Stock Exchange reports. They presently have a GBX 600 price objective on the financial services provider’s stock. Jefferies Financial Group‘s price objective points to a potential upside of 43.59% from the stock’s current price.

A number of other equities analysts have also recently issued reports on BARC. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 570 price objective on shares of Barclays in a research report on Friday. 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. JPMorgan Chase & Co. boosted their target price on Barclays from GBX 610 to GBX 620 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Citigroup dropped their price target on Barclays from GBX 510 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 620 price target on shares of Barclays in a report on Friday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Barclays presently has an average rating of “Moderate Buy” and a consensus target price of GBX 576.67.

Barclays Price Performance

LON BARC opened at GBX 417.85 on Monday. The stock has a market capitalization of £55.79 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.15 and a beta of 0.91. The business has a 50 day simple moving average of GBX 466.15 and a 200 day simple moving average of GBX 472.53. Barclays has a one year low of GBX 361.35 and a one year high of GBX 538.30.

Barclays (LON:BARC) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported GBX 12.30 EPS for the quarter. Barclays had a net margin of 26.02% and a return on equity of 10.79%. Equities analysts expect that Barclays will post 39.11 earnings per share for the current year.

Insiders Place Their Bets

In other Barclays news, insider Anna Cross sold 461,588 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 521, for a total transaction of £2,404,873.48. Also, insider Brian Shea acquired 2,393 shares of the stock in a transaction on Tuesday, July 28th. The shares were acquired at an average price of GBX 497 per share, for a total transaction of £11,893.21. Insiders have acquired a total of 27,498 shares of company stock worth $13,666,506 in the last quarter. Insiders own 0.34% of the company’s stock.

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.