JPMorgan Chase & Co. Analysts Give Barclays (LON:BARC) a GBX 220 Price Target
JPMorgan Chase & Co. set a GBX 220 ($2.87) price objective on Barclays (LON:BARC) in a report published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the company. Shore Capital reiterated a buy rating on shares of Barclays in a research note on Tuesday, September 10th. UBS Group reiterated a buy rating and issued a GBX 190 ($2.48) price target (down previously from GBX 200 ($2.61)) on shares of Barclays in a research note on Friday, September 13th. Berenberg Bank reissued a buy rating on shares of Barclays in a report on Monday, August 5th. Deutsche Bank reissued a buy rating and issued a GBX 170 ($2.22) price objective on shares of Barclays in a report on Wednesday, October 2nd. Finally, HSBC lowered their price objective on Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a buy rating for the company in a report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 193.67 ($2.53).
LON:BARC opened at GBX 163.10 ($2.13) on Monday. Barclays has a one year low of GBX 131.04 ($1.71) and a one year high of GBX 181 ($2.37). The business’s 50-day simple moving average is GBX 146.80 and its 200 day simple moving average is GBX 153.07. The stock has a market cap of $28.20 billion and a price-to-earnings ratio of 9.11.
In other news, insider Nigel Higgins acquired 10,092 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of GBX 153 ($2.00) per share, with a total value of £15,440.76 ($20,176.09).
Barclays Company Profile
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
Featured Article: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.