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

Barclays (LON:BARC) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 360 ($4.54) to GBX 370 ($4.67) in a research note issued on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 20.05% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barclays presently has a consensus rating of “Buy” and a consensus price target of GBX 296 ($3.73).

Barclays Price Performance

LON BARC traded up GBX 3.80 ($0.05) during mid-day trading on Tuesday, reaching GBX 308.20 ($3.89). The stock had a trading volume of 31,608,982 shares, compared to its average volume of 43,805,859. The stock has a market cap of £44.25 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company has a fifty day moving average price of GBX 279.52 and a 200 day moving average price of GBX 251.50. Barclays has a 1 year low of GBX 146.50 ($1.85) and a 1 year high of GBX 312.40 ($3.94).

Barclays (LON:BARC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities research analysts expect that Barclays will post 39.1062802 earnings per share for the current year.

Insider Activity

In other Barclays news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.41), for a total transaction of £108,531.90 ($136,931.49). Also, insider Robert Berry purchased 3,028 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were purchased at an average cost of GBX 294 ($3.71) per share, for a total transaction of £8,902.32 ($11,231.79). Insiders own 1.47% of the company’s stock.

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.