JPMorgan Chase & Co. Boosts Barclays (LON:BARC) Price Target to GBX 270

Barclays (LON:BARC) had its target price lifted by stock analysts at JPMorgan Chase & Co. from GBX 240 ($3.04) to GBX 270 ($3.42) in a research note issued to investors on Wednesday, Digital Look reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 23.77% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, June 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 335 ($4.24) price objective on shares of Barclays in a research note on Tuesday, May 21st. Peel Hunt started coverage on Barclays in a research note on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.10) price objective for the company. Royal Bank of Canada decreased their target price on Barclays from GBX 260 ($3.29) to GBX 250 ($3.16) and set an “outperform” rating for the company in a research note on Thursday, June 13th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 280 ($3.54) target price on shares of Barclays in a research note on Thursday, May 16th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 276 ($3.49).

Barclays Price Performance

Shares of BARC stock traded up GBX 7.40 ($0.09) on Wednesday, reaching GBX 218.15 ($2.76). 50,248,238 shares of the stock were exchanged, compared to its average volume of 60,138,887. The stock has a market cap of £32.61 billion, a PE ratio of 832.75, a P/E/G ratio of -1.09 and a beta of 1.35. Barclays has a one year low of GBX 128.12 ($1.62) and a one year high of GBX 224.30 ($2.84). The stock has a 50 day moving average price of GBX 210.36 and a 200 day moving average price of GBX 179.74.

Insider Activity

In other news, insider Anna Cross sold 53,422 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.57), for a total value of £108,446.66 ($137,170.07). Corporate insiders own 1.43% of the company’s stock.

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.