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

Barclays (LON:BARC) had its target price increased by JPMorgan Chase & Co. from GBX 370 ($4.79) to GBX 410 ($5.31) in a report published on Tuesday, MarketBeat reports. JPMorgan Chase & Co. currently has a top pick rating on the financial services provider’s stock.

Several other analysts have also commented on BARC. Citigroup increased their price target on shares of Barclays from GBX 320 ($4.14) to GBX 350 ($4.53) and gave the company a “buy” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 350 ($4.53) price objective on shares of Barclays in a research report on Monday, February 24th. Finally, Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 317.14 ($4.11).

Barclays Stock Performance

BARC opened at GBX 308.20 ($3.99) on Tuesday. Barclays has a one year low of GBX 176.24 ($2.28) and a one year high of GBX 316 ($4.09). The stock has a market capitalization of £44.25 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business’s 50-day simple moving average is GBX 297.98 and its 200-day simple moving average is GBX 265.76.

Barclays (LON:BARC) last announced its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities research analysts forecast that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Berry bought 3,028 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average price of GBX 294 ($3.81) per share, for a total transaction of £8,902.32 ($11,525.53). Also, insider C.S. Venkatakrishnan sold 185,862 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.78), for a total transaction of £542,717.04 ($702,637.29). 1.47% of the stock is owned by insiders.

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.