Barclays (LON:BARC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Barclays (LON:BARC) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 500 to GBX 525 in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 22.45% from the stock’s current price.

Several other analysts have also recently commented on BARC. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Wednesday, October 22nd. Jefferies Financial Group upped their price objective on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada increased their target price on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup raised their target price on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 450.

Barclays Stock Up 1.4%

Shares of LON:BARC opened at GBX 428.76 on Tuesday. The company’s 50-day moving average price is GBX 385.65 and its 200 day moving average price is GBX 355.50. The company has a market cap of £59.63 billion, a PE ratio of 10.56, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a fifty-two week low of GBX 223.75 and a fifty-two week high of GBX 429.45.

Barclays (LON:BARC) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 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 anticipate that Barclays will post 39.1062802 EPS for the current year.

Insider Buying and Selling

In other Barclays news, insider Anna Cross sold 753,438 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of GBX 373, for a total value of £2,810,323.74. Company insiders own 0.33% of the company’s stock.

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.