JPMorgan Chase & Co. Reiterates Overweight Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 350 ($4.44) target price on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 29.29% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Citigroup restated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 292 ($3.70).

Barclays Stock Up 1.5 %

Shares of BARC opened at GBX 270.70 ($3.43) on Wednesday. The business’s 50 day moving average is GBX 249.41 and its two-hundred day moving average is GBX 230.41. Barclays has a 52-week low of GBX 138.40 ($1.75) and a 52-week high of GBX 273.23 ($3.46). The firm has a market cap of £39.28 billion, a price-to-earnings ratio of 1,046.15, a PEG ratio of 1.15 and a beta of 1.36.

Insider Buying and Selling at Barclays

In other Barclays news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.16), for a total transaction of £272,415.96 ($345,311.14). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.80), for a total value of £108,318.73 ($137,303.50). Corporate 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.