JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Barclays (LON:BARC) Stock

Barclays (LON:BARC) had its target price boosted by analysts at JPMorgan Chase & Co. from GBX 500 to GBX 570 in a report issued on Tuesday,Digital Look reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 19.46% from the company’s previous close.

BARC has been the topic of a number of other research reports. Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Jefferies Financial Group increased their price objective on Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Citigroup raised their target price on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 457.50.

Barclays Stock Down 1.2%

LON BARC opened at GBX 477.15 on Tuesday. The company has a market cap of £66.07 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 223.75 and a 52 week high of GBX 492.95. The firm’s 50-day simple moving average is GBX 450.57 and its two-hundred day simple moving average is GBX 400.09.

Barclays (LON:BARC) last posted its quarterly earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 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 research analysts anticipate that Barclays will post 39.1062802 EPS for the current year.

Trending Headlines about Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays continued cancelling repurchased shares under its buy‑back programme — two recent cancellations total ~4.14m ordinary shares and the programme has now passed ~81m shares repurchased, a strong shareholder‑return signal that supports earnings per share and capital return. Barclays Cancels Additional Shares as Buy‑Back Programme Passes 81 Million Mark Barclays Cancels Further Shares Under Ongoing Buy‑Back Programme
• Neutral Sentiment: Barclays’ research team has been active with material calls (large price‑target lift on Micron, upgrade of Dell, small target raises on Colgate and MGIC, and reiterations on names like Antero). These notes can boost fee and trading flow in the corporate/markets franchise long term but are not direct earnings drivers for the bank today. Barclays Upgrades Dell Barclays Raises Micron PT Barclays Raises Colgate Target Barclays Raises MGIC Target Barclays on Antero Resources
• Neutral Sentiment: Reports that an heiress is suing “big banks” in an offshore‑trust/Maxwell/Epstein related matter have surfaced; coverage mentions multiple large banks but does not clearly single out Barclays in the articles provided — any named involvement would be a legal/ reputational risk to monitor. Heiress Sues Big Banks

Barclays Company Profile

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.