Barclays (LON:BARC) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Barclays (LON:BARC) in a research report released on Monday, MarketBeat Ratings reports. They currently have a GBX 270 ($3.53) price target on the financial services provider’s stock.

A number of other brokerages have also weighed in on BARC. Royal Bank of Canada decreased their price objective on shares of Barclays from GBX 260 ($3.40) to GBX 250 ($3.27) and set an outperform rating for the company in a report on Thursday, June 13th. Citigroup reaffirmed a buy rating on shares of Barclays in a research report on Monday, September 2nd. Berenberg Bank reaffirmed a buy rating and issued a GBX 280 ($3.66) target price on shares of Barclays in a research report on Thursday, May 16th. Shore Capital reaffirmed a buy rating on shares of Barclays in a research report on Wednesday, June 19th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 335 ($4.38) target price on shares of Barclays in a research report on Tuesday, May 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of GBX 276 ($3.61).

Barclays Stock Up 1.6 %

Shares of LON BARC opened at GBX 218.60 ($2.86) on Monday. Barclays has a twelve month low of GBX 128.12 ($1.68) and a twelve month high of GBX 241.80 ($3.16). The firm has a market cap of £31.94 billion, a P/E ratio of 840.77, a PEG ratio of 1.05 and a beta of 1.36. The company has a 50 day moving average of GBX 223.94 and a 200 day moving average of GBX 206.24.

Barclays Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 2.90 ($0.04) per share. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, August 15th. Barclays’s payout ratio is 3,076.92%.

Insider Activity

In other Barclays news, insider Dawn Fitzpatrick acquired 5,259 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of GBX 210 ($2.75) per share, with a total value of £11,043.90 ($14,442.13). In other news, insider Dawn Fitzpatrick bought 5,259 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of GBX 210 ($2.75) per share, with a total value of £11,043.90 ($14,442.13). Also, insider Anna Cross sold 53,422 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.65), for a total transaction of £108,446.66 ($141,815.95). Insiders own 1.46% 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.