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

Barclays (LON:BARC) had its price target lifted by JPMorgan Chase & Co. from GBX 360 ($4.54) to GBX 370 ($4.67) in a report issued on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays presently has a consensus rating of “Buy” and a consensus target price of GBX 296 ($3.73).

Barclays Trading Up 1.2 %

Shares of BARC opened at GBX 308.20 ($3.89) on Tuesday. The company has a market capitalization of £44.25 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.15 and a beta of 1.36. The stock has a 50 day moving average of GBX 279.52 and a 200 day moving average of GBX 251.50. Barclays has a 12 month low of GBX 146.50 ($1.85) and a 12 month high of GBX 312.40 ($3.94).

Barclays (LON:BARC) last released its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share (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 predict that Barclays will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.41), for a total value of £108,531.90 ($136,914.22). Also, insider Robert Berry purchased 3,028 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was bought at an average cost of GBX 294 ($3.71) per share, with a total value of £8,902.32 ($11,230.38). 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.