Barclays (LON:BARC)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, March 15th. They currently have a GBX 250 ($3.45) price objective on the financial services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 21.33% from the company’s current price.
A number of other equities research analysts have also weighed in on BARC. Citigroup restated a “sell” rating and set a GBX 150 ($2.07) price objective on shares of Barclays in a research note on Tuesday, March 13th. Royal Bank of Canada set a GBX 215 ($2.97) price objective on Barclays and gave the company a “neutral” rating in a research note on Thursday, March 8th. Macquarie set a GBX 212 ($2.93) price objective on Barclays and gave the company a “neutral” rating in a research note on Friday, March 9th. Deutsche Bank restated a “buy” rating and set a GBX 250 ($3.45) price objective (up previously from GBX 234 ($3.23)) on shares of Barclays in a research note on Friday, March 9th. Finally, Goldman Sachs upgraded Barclays to a “neutral” rating and lifted their target price for the stock from GBX 190 ($2.63) to GBX 210 ($2.90) in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 225.89 ($3.12).
Shares of BARC stock traded down GBX 5.40 ($0.07) during trading hours on Thursday, hitting GBX 206.05 ($2.85). The company had a trading volume of 23,781,715 shares, compared to its average volume of 50,310,000. The stock has a market cap of $35,750.00 and a P/E ratio of 2,060.50. Barclays has a 1-year low of GBX 177.30 ($2.45) and a 1-year high of GBX 235.35 ($3.25).
In related news, insider Mike Turner purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of GBX 210 ($2.90) per share, with a total value of £21,000 ($29,013.54).
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Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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