Barclays (LON:BARC) Price Target Raised to GBX 570

Barclays (LON:BARC) had its target price upped by JPMorgan Chase & Co. from GBX 500 to GBX 570 in a research report report published on Tuesday, MarketBeat.com reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, October 22nd. Jefferies Financial Group lifted their price objective on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada upped their price objective on shares of Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup raised their target price on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 467.50.

Barclays Trading Up 2.0%

Shares of LON:BARC opened at GBX 485.15 on Tuesday. The firm’s 50 day moving average is GBX 453.82 and its two-hundred day moving average is GBX 402.23. The firm has a market capitalization of £67.17 billion, a P/E ratio of 11.95, a PEG ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 492.95.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, December 16th. The financial services provider reported GBX 24.70 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Analysts predict that Barclays will post 39.1062802 EPS for the current year.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays continued its buy‑back programme and cancelled additional ordinary shares (2.5 million+), reducing float and increasing EPS leverage — a direct, positive capital-return signal for shareholders. Barclays Continues Share Buy-Back, Cancels Further 2.5 Million Shares
• Positive Sentiment: Barclays announced further share purchases and cancellations as part of its buy‑back programme (additional update), reinforcing management’s commitment to returning capital and supporting the stock. Barclays Advances Share Buy‑Back With Further Cancellation of Ordinary Shares
• Positive Sentiment: JPMorgan published a positive forecast for Barclays’ share price, a bullish institutional view that can influence investor flows and sentiment. JPMorgan Chase & Co. Issues Positive Forecast for Barclays Stock Price
• Positive Sentiment: Citigroup raised its price target for Barclays from GBX 440 to GBX 475 (maintaining a neutral stance), which is supportive for the stock by lifting street valuation benchmarks even if the formal rating stayed unchanged. Citigroup Raises Barclays Price Target
• Neutral Sentiment: Barclays plans to relocate its European headquarters from Dublin to Paris — a strategic/regulatory move that has execution and cost implications but is unlikely to materially change near‑term earnings. Barclays to relocate European headquarters to Paris from Dublin
• Neutral Sentiment: Local property news (Barclays branch in Sudbury approved for conversion to flats) is operationally immaterial for the bank’s group financials and likely has negligible market impact. Barclays in Sudbury to become flats as plans approved

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.