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

Barclays (LON:BARC) had its target price hoisted by analysts at JPMorgan Chase & Co. from GBX 370 ($4.78) to GBX 410 ($5.30) in a research note issued on Tuesday,Digital Look reports. The firm presently has a “top pick” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 33.03% from the stock’s previous close.

BARC has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.52) price objective on shares of Barclays in a research note on Monday, February 24th. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Finally, Citigroup raised their price objective on Barclays from GBX 320 ($4.13) to GBX 350 ($4.52) and gave the stock a “buy” rating in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 317.14 ($4.10).

Barclays Stock Up 1.5 %

BARC traded up GBX 4.60 ($0.06) on Tuesday, hitting GBX 308.20 ($3.98). 2,147,000,000 shares of the company traded hands, compared to its average volume of 86,162,742. Barclays has a 12-month low of GBX 176.24 ($2.28) and a 12-month high of GBX 316 ($4.08). The stock has a market capitalization of £44.25 billion, a PE ratio of 9.06, a PEG ratio of 1.15 and a beta of 1.36. The company has a 50 day moving average of GBX 297.10 and a 200-day moving average of GBX 265.15.

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

Insider Buying and Selling at Barclays

In related news, insider C.S. Venkatakrishnan sold 185,862 shares of Barclays stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.77), for a total value of £542,717.04 ($701,275.41). Also, insider Robert Berry purchased 3,028 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were bought at an average price of GBX 294 ($3.80) per share, with a total value of £8,902.32 ($11,503.19). 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.