JPMorgan Chase & Co. Raises Barclays (LON:BARC) Price Target to GBX 360

Barclays (LON:BARC) had its price objective increased by equities researchers at JPMorgan Chase & Co. from GBX 350 ($4.27) to GBX 360 ($4.40) in a research report issued on Monday,Digital Look reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 40.30% from the stock’s current price.

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

Barclays Trading Down 0.6 %

BARC stock opened at GBX 256.60 ($3.13) on Monday. The company has a market cap of £37.23 billion, a price-to-earnings ratio of 986.92, a PEG ratio of 1.15 and a beta of 1.36. The firm has a 50 day moving average of GBX 261.98 and a 200-day moving average of GBX 238.89. Barclays has a 12-month low of GBX 138.40 ($1.69) and a 12-month high of GBX 273.25 ($3.34).

Insider Transactions at Barclays

In related news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.30), for a total value of £108,531.90 ($132,501.40). Also, insider Brian Gilvary sold 109,404 shares of the company’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 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.