JPMorgan Chase Reiterates GBX 250 Price Target for Barclays (BARC)

JPMorgan Chase set a GBX 250 ($3.39) price objective on Barclays (LON:BARC) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Citigroup reiterated a sell rating on shares of Barclays in a report on Monday, February 12th. Deutsche Bank set a GBX 250 ($3.39) target price on Barclays and gave the company a buy rating in a report on Wednesday, April 11th. Cfra set a GBX 270 ($3.66) price objective on Barclays and gave the company a buy rating in a research note on Thursday, February 22nd. Goldman Sachs restated a sell rating and set a GBX 190 ($2.58) price objective on shares of Barclays in a research note on Friday, February 16th. Finally, Investec lowered Barclays to a hold rating and raised their price objective for the company from GBX 215 ($2.92) to GBX 225 ($3.05) in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Barclays currently has an average rating of Buy and an average price target of GBX 227.63 ($3.09).

Shares of LON:BARC opened at GBX 207.50 ($2.81) on Thursday. Barclays has a one year low of GBX 177.30 ($2.41) and a one year high of GBX 235.35 ($3.19).

In other news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 210 ($2.85) per share, for a total transaction of £21,000 ($28,486.16). Also, insider Christopher Paul Compton sold 1,004,953 shares of Barclays stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of GBX 205 ($2.78), for a total value of £2,060,153.65 ($2,794,565.45).

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 personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (LON:BARC)

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