Barclays (LON:BARC) Given New GBX 410 Price Target at JPMorgan Chase & Co.

Barclays (LON:BARC) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 370 ($4.76) to GBX 410 ($5.28) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “top pick” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.73% from the company’s previous close.

Several other analysts have also issued reports on the stock. Citigroup raised their price target on shares of Barclays from GBX 320 ($4.12) to GBX 350 ($4.51) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.51) target price on shares of Barclays in a research note on Monday, February 24th. Finally, Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Barclays has an average rating of “Buy” and an average target price of GBX 317.14 ($4.08).

Barclays Stock Performance

LON BARC opened at GBX 308.90 ($3.98) on Tuesday. The stock has a market capitalization of £44.35 billion, a PE ratio of 9.08, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50-day simple moving average of GBX 298.54 and a 200 day simple moving average of GBX 266.07. Barclays has a twelve month low of GBX 176.24 ($2.27) and a twelve month high of GBX 316 ($4.07).

Barclays (LON:BARC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, equities research analysts forecast that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.76), for a total value of £542,717.04 ($698,747.32). Also, insider Robert Berry bought 3,028 shares of the stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,461.72). Company insiders own 1.47% of the company’s stock.

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.