Barclays PLC (LON:BARC) Given Consensus Rating of “Moderate Buy” by Brokerages

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 527.50.

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

Barclays Trading Down 3.1%

BARC opened at GBX 421.21 on Tuesday. The company’s 50 day moving average is GBX 415.57 and its 200-day moving average is GBX 439.78. Barclays has a 1-year low of GBX 312.07 and a 1-year high of GBX 507.45. The company has a market cap of £57.43 billion, a P/E ratio of 9.71, a PEG ratio of 1.15 and a beta of 0.90.

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

Key Barclays News

Here are the key news stories impacting Barclays this week:

• Negative Sentiment: Reports say Barclays’ mortgage subsidiary made a roughly £5 billion balance-sheet error, which could raise questions about risk controls and operational oversight. Barclays mortgage subsidiary makes £5bn balance sheet whoopsie
• Positive Sentiment: Separately, Barclays analysts have continued to show a constructive view on several financial-sector names, including recent target hikes on peers like Charles Schwab and other companies, which may help reinforce the bank’s credibility as a research house. Barclays Hikes Charles Schwab Price Target to $127: 2026 Guidance Crushes Street Expectations
• Neutral Sentiment: Other nearby headlines were about Barclays’ sector views and target changes on unrelated companies, but they do not directly change the outlook for Barclays PLC (BARC) itself today.

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.