In a research note distributed on Friday, analysts from Citigroup reaffirmed their “buy” rating that they had previously assigned to the stock of Barclays (LON: BARC), as reported by Bloomberg.com.
The note was made public on the Bloomberg website.
Trading for the LON: BARC stock started on Friday at a price of GBX 158.06, which is equal to $1.90 in American currency.
The company possesses a market value of £25.10 billion, a price-to-earnings ratio of 543.72, a price-to-earnings-to-growth ratio of -1.09, and a beta coefficient of 1.33.
The company has seen a simple moving average of 163.78 GBX over the past 200 days, and the company has seen a simple moving average of 177.10 GBX over the last 50 days.
There is no significant difference in price between the 52-week low for Barclays, GBX 132.06 ($1.59), and the 52-week high, GBX 198.86 ($2.39).
In recent times, BARC has had comments from a variety of different brokerages.
In a research report released on Monday, February 20, JPMorgan Chase & Co reaffirmed an “overweight” rating on shares of Barclays and established a target price of GBX 230 ($2.77) for the company’s stock.
In a research note published on February 15, Shore Capital reaffirmed its “buy” recommendation on Barclays shares.
In a research report released on Monday, UBS Group forecasted that the share price of Barclays will reach GBX 238 ($2.86) by the end of the year. On February 16, Credit Suisse Group assigned Barclays an “outperform” rating, and the company increased its price objective on the stock from GBX 240 ($2.89) to GBX 250 ($3.01 in a research report that was published on that day.
In a research report released on Friday, January 20, Berenberg Bank indicated they would increase their price target for Barclays shares.
The previous price goal was set at GBX 260 ($3.13), but the new price objective has been raised to GBX 270 ($3.25).
There are a total of five research analysts who have assigned the company a buy rating, whereas there are only three who have assigned it a hold rating.
As reported by Bloomberg, the current average recommendation for Barclays is a “Moderate Buy,” and the price target is GBX 241.89 ($2.91).
On December 14, C.S. Venkatakrishnan, an insider at Barclays, sold 112,438 shares of the company’s stock.
Another bit of information about Barclays has been recently discovered.
The shares were acquired at an average price of GBX 161, equivalent to $1.94, resulting in a total sale price of £181,025.18 (or $217,683.00). On December 14, it was reported that C.S. Venkatakrishnan, an insider of the company, sold 112,438 shares of its stock.
This information was obtained from other news sources.
The shares were acquired at an average price of GBX 161, equivalent to $1.94, resulting in a total sale price of £181,025.18 (or $217,683.00).
Additionally, on February 17, a business insider named Dawn Fitzpatrick bought 5,613 shares of the company’s stock.
The total cost of purchasing the shares was £9,766.62 ($11,744.37), which works out to a price of GBX 174 ($2.09) per share on an average basis.
The company’s insiders hold control of 0.32% of the total number of shares that are currently outstanding.
The subsidiaries of Barclays PLC provide customers in many different regions of the world with a vast array of financial products and services.
These regions include the United Kingdom (UK), Europe, the Americas, Africa, the Middle East, and Asia.
Although they are separate entities, Barclays UK and Barclays International, each has a stake in the company. However, Barclays UK and Barclays International work together to manage the business.
It offers a diverse selection of banking products and services, such as retail banking, credit card services, wholesale banking, investment banking, wealth management, and investment management, to name just a few of the available options.