JPMorgan Chase & Co. Issues Positive Forecast for Barclays (LON:BARC) Stock Price

Barclays (LON:BARC) had its price target boosted by JPMorgan Chase & Co. from GBX 350 ($4.28) to GBX 360 ($4.41) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays currently has an average rating of “Buy” and an average target price of GBX 294 ($3.60).

Barclays Price Performance

LON BARC opened at GBX 260.70 ($3.19) on Monday. The firm’s 50-day moving average is GBX 262.32 and its two-hundred day moving average is GBX 239.25. Barclays has a 12 month low of GBX 138.40 ($1.69) and a 12 month high of GBX 273.25 ($3.34). The stock has a market capitalization of £37.83 billion, a P/E ratio of 1,002.69, a PEG ratio of 1.15 and a beta of 1.36.

Insiders Place Their Bets

In other Barclays news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.30), for a total transaction of £108,531.90 ($132,809.47). Also, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.05), for a total transaction of £272,415.96 ($333,352.86). 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.