Barclays (LON:BARC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Barclays (LON:BARC) had its target price raised by JPMorgan Chase & Co. from GBX 350 ($4.27) to GBX 360 ($4.40) in a report issued on Monday, Marketbeat reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 36.47% from the company’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 294 ($3.59).

Barclays Stock Up 1.2 %

Shares of BARC stock opened at GBX 263.80 ($3.22) on Monday. The firm has a market cap of £38.28 billion, a P/E ratio of 1,014.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a 50-day moving average price of GBX 262.70 and a two-hundred day moving average price of GBX 239.64. Barclays has a 12-month low of GBX 138.40 ($1.69) and a 12-month high of GBX 273.25 ($3.34).

Insider Activity

In other Barclays news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.30), for a total transaction of £108,531.90 ($132,501.40). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.04), for a total transaction of £272,415.96 ($332,579.61). 1.47% of the stock is owned by corporate insiders.

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.