Barclays (LON:BARC) Hits New 1-Year High – What’s Next?

Shares of Barclays PLC (LON:BARC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 438.25 and last traded at GBX 436.40, with a volume of 29646283 shares trading hands. The stock had previously closed at GBX 429.60.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BARC shares. Royal Bank Of Canada raised their price objective on shares of Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price target on Barclays from GBX 500 to GBX 525 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Jefferies Financial Group increased their price objective on Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup raised their price objective on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 450.

Barclays Price Performance

The firm has a market capitalization of £60.38 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company has a fifty day moving average of GBX 396.37 and a 200-day moving average of GBX 366.59.

Barclays (LON:BARC) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities analysts anticipate that Barclays PLC will post 39.1062802 EPS for the current year.

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.