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

Barclays (LON:BARC) had its price objective boosted by JPMorgan Chase & Co. from GBX 420 to GBX 500 in a report issued on Tuesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

BARC has been the topic of several other reports. Citigroup cut shares of Barclays to a “neutral” rating and boosted their price target for the stock from GBX 360 to GBX 366 in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Shore Capital upped their target price on Barclays from GBX 395 to GBX 410 and gave the company a “buy” rating in a report on Tuesday, July 29th. Jefferies Financial Group increased their price target on Barclays from GBX 405 to GBX 455 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada lifted their price target on Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 424.33.

Barclays Trading Up 1.9%

BARC opened at GBX 373.55 on Tuesday. The company’s fifty day moving average price is GBX 359.54 and its two-hundred day moving average price is GBX 322.75. Barclays has a 1-year low of GBX 213.90 and a 1-year high of GBX 379.32. The company has a market cap of £52.40 billion, a price-to-earnings ratio of 922.35, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, equities analysts forecast that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling at Barclays

In other news, insider Mary Francis purchased 3,752 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of GBX 371 per share, for a total transaction of £13,919.92. Also, insider Brian Gilvary acquired 4,640 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of GBX 371 per share, with a total value of £17,214.40. In the last quarter, insiders purchased 98,837 shares of company stock valued at $33,407,827 and sold 789,945 shares valued at $292,933,656. 0.27% of the stock is currently owned by company insiders.

About Barclays

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.