JPMorgan Chase & Co. Boosts Barclays (LON:BARC) Price Target to GBX 410

Barclays (LON:BARC) had its price objective upped by JPMorgan Chase & Co. from GBX 370 ($4.79) to GBX 410 ($5.31) in a research note published on Tuesday morning, MarketBeat reports. They currently have a top pick rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on BARC. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.53) price target on shares of Barclays in a report on Monday, February 24th. Finally, Citigroup lifted their price objective on shares of Barclays from GBX 320 ($4.14) to GBX 350 ($4.53) and gave the stock a “buy” rating in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 317.14 ($4.11).

Barclays Stock Performance

BARC stock opened at GBX 302.95 ($3.92) on Tuesday. The firm has a fifty day moving average price of GBX 298.95 and a 200 day moving average price of GBX 266.32. Barclays has a fifty-two week low of GBX 176.24 ($2.28) and a fifty-two week high of GBX 316 ($4.09). The firm has a market cap of £43.50 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities analysts predict that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling at Barclays

In other Barclays news, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.78), for a total value of £542,717.04 ($702,637.29). Also, insider Robert Berry bought 3,028 shares of Barclays stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of GBX 294 ($3.81) per share, for a total transaction of £8,902.32 ($11,525.53). 1.47% of the stock is currently 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.