Barclays (LON:BARC) Releases Earnings Results

Barclays (LON:BARC) announced its quarterly earnings data on Thursday. The financial services provider reported GBX 36 ($0.45) earnings per share for the quarter, Digital Look Earnings reports. Barclays had a net margin of 21.24% and a return on equity of 7.12%.

Barclays Trading Down 4.7 %

Shares of BARC traded down GBX 14.50 ($0.18) during trading hours on Thursday, reaching GBX 293.25 ($3.65). The company had a trading volume of 354,174,688 shares, compared to its average volume of 51,273,035. The company has a market capitalization of £42.55 billion, a price-to-earnings ratio of 1,127.88, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 12-month low of GBX 140.48 ($1.75) and a 12-month high of GBX 312.40 ($3.89). The firm has a 50 day simple moving average of GBX 277.64 and a 200-day simple moving average of GBX 249.95.

Insider Activity

In other news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.36), for a total transaction of £108,531.90 ($135,090.74). Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BARC shares. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the company an “overweight” rating in a report on Monday, January 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 294 ($3.66).

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.