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

Barclays (LON:BARC) had its target price lifted by JPMorgan Chase & Co. from GBX 240 ($3.04) to GBX 270 ($3.42) in a research note published on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Several other brokerages have also commented on BARC. Peel Hunt initiated coverage on shares of Barclays in a research report on Friday, April 19th. They set a buy rating and a GBX 245 ($3.10) target price on the stock. Berenberg Bank reissued a buy rating and set a GBX 280 ($3.54) price objective on shares of Barclays in a report on Thursday, May 16th. Shore Capital reaffirmed a buy rating on shares of Barclays in a report on Wednesday, June 19th. Royal Bank of Canada decreased their price target on Barclays from GBX 260 ($3.29) to GBX 250 ($3.16) and set an outperform rating on the stock in a research note on Thursday, June 13th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 335 ($4.24) price target on shares of Barclays in a report on Tuesday, May 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of GBX 276 ($3.49).

Barclays Price Performance

BARC opened at GBX 220.75 ($2.79) on Wednesday. The business has a 50 day simple moving average of GBX 210.90 and a 200-day simple moving average of GBX 180. Barclays has a 12 month low of GBX 128.12 ($1.62) and a 12 month high of GBX 224.30 ($2.84). The stock has a market capitalization of £33.00 billion, a P/E ratio of 839.04, a P/E/G ratio of -1.09 and a beta of 1.35.

Insider Buying and Selling

In other Barclays news, insider Anna Cross sold 53,422 shares of the 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). Insiders own 1.43% 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.