Barclays’ (BARC) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Barclays (LON:BARC) in a research note published on Wednesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 350 ($4.42) price objective on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 292 ($3.69).

Barclays Stock Performance

BARC opened at GBX 269.40 ($3.40) on Wednesday. The stock’s 50 day moving average price is GBX 250.44 and its 200-day moving average price is GBX 230.69. Barclays has a one year low of GBX 138.40 ($1.75) and a one year high of GBX 273.23 ($3.45). The stock has a market cap of £39.09 billion, a price-to-earnings ratio of 1,034.42, a P/E/G ratio of 1.15 and a beta of 1.36.

Insiders Place Their Bets

In other news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.14), for a total value of £272,415.96 ($343,829.31). Also, insider Anna Cross sold 49,013 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.79), for a total value of £108,318.73 ($136,714.29). Company 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.