Barclays (LON:BARC) Stock Price Target Cut by Jefferies Financial Group

Barclays (LON:BARC) had its price target decreased by Jefferies Financial Group from GBX 600 to GBX 590 in a research note issued on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group‘s target price indicates a potential upside of 35.79% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 610 to GBX 620 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 550 price target on shares of Barclays in a report on Wednesday, August 12th. Citigroup lowered their price target on Barclays from GBX 510 to GBX 500 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 price objective on shares of Barclays in a research note on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 570 price objective on shares of Barclays in a research note on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 575.

Barclays Price Performance

Shares of LON BARC opened at GBX 434.50 on Wednesday. The business’s 50 day moving average is GBX 455.45 and its two-hundred day moving average is GBX 462.23. Barclays has a 1-year low of GBX 361.35 and a 1-year high of GBX 538.30. The stock has a market capitalization of £58.02 billion, a P/E ratio of 9.00, a PEG ratio of 1.15 and a beta of 0.91.

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

Insider Activity at Barclays

In related news, insider Anna Cross sold 461,588 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 521, for a total value of £2,404,873.48. Insiders own 0.34% of the company’s stock.

Trending Headlines about Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays reported October share buybacks, which may support shareholder returns and signal continued capital distribution. Barclays reports October share buybacks
• Neutral Sentiment: The bank announced redemption of $1.75 billion in notes. This is a financing and balance-sheet action; the article details provided do not indicate whether the notes will be replaced or what the net effect on funding costs will be. Barclays announces redemption of notes
• Neutral Sentiment: Barclays’ risk chief acquired 9,512 shares under an employee option scheme. This is not described as an open-market purchase, so it offers limited evidence of a fresh discretionary bet on the stock. Risk chief share acquisition
• Negative Sentiment: Motor-finance compensation is the clearest near-term concern in the news flow: a broad redress process could bring material costs and keep uncertainty over Barclays’ liabilities in focus. Barclays offers early settlement deals

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. 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.