JPMorgan Chase & Co. Raises Barclays (LON:BARC) Price Target to GBX 370

Barclays (LON:BARC) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from GBX 360 ($4.53) to GBX 370 ($4.66) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.30% from the company’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Barclays currently has an average rating of “Buy” and a consensus target price of GBX 296 ($3.72).

Barclays Stock Performance

Shares of Barclays stock opened at GBX 307.57 ($3.87) on Tuesday. Barclays has a 1 year low of GBX 149.76 ($1.88) and a 1 year high of GBX 312.60 ($3.93). The company has a market capitalization of £44.16 billion, a P/E ratio of 9.04, a PEG ratio of 1.15 and a beta of 1.36. The company’s fifty day moving average is GBX 280.40 and its two-hundred day moving average is GBX 252.20.

Barclays (LON:BARC) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, equities analysts expect that Barclays will post 39.1062802 earnings per share for the current year.

Insider Activity

In related news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.40), for a total value of £108,531.90 ($136,569.65). Also, insider Robert Berry acquired 3,028 shares of Barclays stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of GBX 294 ($3.70) per share, with a total value of £8,902.32 ($11,202.11). Insiders own 1.47% of the company’s stock.

About Barclays

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.