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

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

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

Barclays Stock Up 3.5 %

Shares of BARC traded up GBX 7.40 ($0.09) during trading on Wednesday, reaching GBX 218.15 ($2.76). 50,248,238 shares of the company traded hands, compared to its average volume of 60,138,887. Barclays has a twelve month low of GBX 128.12 ($1.62) and a twelve month high of GBX 224.30 ($2.84). The stock has a market cap of £32.61 billion, a PE ratio of 832.75, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35. The stock has a 50-day simple moving average of GBX 210.36 and a 200-day simple moving average of GBX 179.74.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 53,422 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 203 ($2.57), for a total transaction of £108,446.66 ($137,170.07). 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.