Barclays (BARC) Given a GBX 250 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 250 ($3.27) price target on Barclays (LON:BARC) in a research report released on Friday. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts have also issued research reports about the stock. Jefferies Financial Group set a GBX 266 ($3.48) price objective on shares of Barclays and gave the company a buy rating in a research note on Friday, July 20th. Credit Suisse Group set a GBX 235 ($3.07) price objective on shares of Barclays and gave the company a buy rating in a research note on Thursday, July 19th. Deutsche Bank lowered their price objective on shares of Barclays from GBX 245 ($3.20) to GBX 189.70 ($2.48) and set a buy rating for the company in a research note on Monday, July 16th. Cfra set a GBX 250 ($3.27) price objective on shares of Barclays and gave the company a buy rating in a research note on Thursday, August 2nd. Finally, Shore Capital reiterated a buy rating on shares of Barclays in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 228.56 ($2.99).

Shares of LON:BARC traded up GBX 0.18 ($0.00) during mid-day trading on Friday, hitting GBX 175.72 ($2.30). The company had a trading volume of 145,881,987 shares, compared to its average volume of 50,310,000. Barclays has a one year low of GBX 177.30 ($2.32) and a one year high of GBX 235.35 ($3.08).

In other Barclays news, insider James E. Staley purchased 168,860 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was acquired at an average price of GBX 174 ($2.27) per share, for a total transaction of £293,816.40 ($383,923.17). Also, insider Tim J. Breedon purchased 3,859 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were acquired at an average price of GBX 190 ($2.48) per share, with a total value of £7,332.10 ($9,580.69). Insiders have acquired a total of 174,719 shares of company stock valued at $30,466,850 in the last 90 days.

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.

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Analyst Recommendations for Barclays (LON:BARC)

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