Barclays (LON:BARC) Hits New 12-Month High – Time to Buy?

Barclays PLC (LON:BARC)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 471.20 and last traded at GBX 470.13, with a volume of 180774438 shares. The stock had previously closed at GBX 467.95.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BARC shares. Jefferies Financial Group boosted their price target on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, October 22nd. Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Citigroup raised their target price on shares of Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 500 price objective on shares of Barclays in a report on Tuesday, December 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 445.83.

Barclays Stock Performance

The company has a market capitalization of £64.91 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.15 and a beta of 1.36. The business’s 50 day moving average is GBX 415.90 and its 200 day moving average is GBX 378.78.

Barclays (LON:BARC) last announced its quarterly earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Sell-side analysts predict that Barclays PLC will post 39.1062802 EPS for the current year.

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.