Barclays (LON:BARC) PT Raised to GBX 270 at JPMorgan Chase & Co.

Barclays (LON:BARC) had its target price boosted by JPMorgan Chase & Co. from GBX 240 ($3.04) to GBX 270 ($3.42) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on BARC. Royal Bank of Canada reduced their target price on Barclays from GBX 260 ($3.29) to GBX 250 ($3.16) and set an outperform rating for the company in a research note on Thursday, June 13th. Jefferies Financial Group reissued a buy rating and issued a GBX 335 ($4.24) price target on shares of Barclays in a report on Tuesday, May 21st. Berenberg Bank restated a buy rating and issued a GBX 280 ($3.54) 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 note on Wednesday, June 19th. Finally, Peel Hunt assumed coverage on Barclays in a research note on Friday, April 19th. They issued a buy rating and a GBX 245 ($3.10) price target for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of GBX 276 ($3.49).

Barclays Stock Performance

Barclays stock opened at GBX 220.55 ($2.79) on Wednesday. Barclays has a one year low of GBX 128.12 ($1.62) and a one year high of GBX 226.20 ($2.86). The firm has a market capitalization of £32.97 billion, a PE ratio of 848.27, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35. The stock’s 50 day moving average price is GBX 211.63 and its 200 day moving average price is GBX 180.83.

Insider Buying and Selling

In other news, insider Anna Cross sold 53,422 shares of Barclays stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.57), for a total transaction of £108,446.66 ($137,170.07). 1.43% of the stock is owned by corporate insiders.

Barclays Company Profile

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.