Barclays’ (BARC) “Overweight” Rating Reaffirmed at JPMorgan Chase

JPMorgan Chase restated their overweight rating on shares of Barclays (LON:BARC) in a report released on Tuesday morning. They currently have a GBX 250 ($3.51) target price on the financial services provider’s stock.

A number of other analysts have also commented on BARC. Morgan Stanley reissued an equal weight rating and set a GBX 225 ($3.16) price objective on shares of Barclays in a report on Tuesday. Citigroup reissued a sell rating and set a GBX 150 ($2.11) price objective on shares of Barclays in a report on Tuesday, March 20th. Royal Bank of Canada set a GBX 215 ($3.02) price objective on Barclays and gave the stock a neutral rating in a report on Thursday, February 22nd. Investec lowered Barclays to a hold rating and boosted their price objective for the stock from GBX 215 ($3.02) to GBX 225 ($3.16) in a report on Tuesday, March 20th. Finally, Macquarie set a GBX 212 ($2.98) price objective on Barclays and gave the stock a neutral rating in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 226.42 ($3.18).

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Shares of BARC opened at GBX 209.55 ($2.94) on Tuesday. Barclays has a 52 week low of GBX 177.30 ($2.49) and a 52 week high of GBX 235.35 ($3.30).

The company also recently disclosed a dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 1st were paid a GBX 2 ($0.03) dividend. This is an increase from Barclays’s previous dividend of $1.00. The ex-dividend date was Thursday, March 1st. This represents a yield of 0.95%.

In other news, insider Mike Turner acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of GBX 210 ($2.95) per share, for a total transaction of £21,000 ($29,477.82).

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About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (LON:BARC)

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