Barclays (LON:BARC)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a GBX 250 ($3.45) price target on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 15.39% from the company’s current price.
A number of other brokerages have also recently commented on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 22nd. UBS set a GBX 225 ($3.11) target price on shares of Barclays and gave the company a “buy” rating in a research report on Thursday, February 22nd. Royal Bank of Canada set a GBX 215 ($2.97) target price on shares of Barclays and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Citigroup reiterated a “sell” rating and issued a GBX 150 ($2.07) target price on shares of Barclays in a research report on Tuesday, March 13th. Finally, Cfra set a GBX 270 ($3.73) target price on shares of Barclays and gave the company a “buy” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 225.89 ($3.12).
BARC stock opened at GBX 216.65 ($2.99) on Thursday. The stock has a market cap of $35,750.00 and a price-to-earnings ratio of 2,166.50. Barclays has a twelve month low of GBX 177.30 ($2.45) and a twelve month high of GBX 235.35 ($3.25).
In other news, insider Mike Turner acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of GBX 210 ($2.90) per share, for a total transaction of £21,000 ($29,013.54).
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Barclays Company Profile
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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