Barclays PLC’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (BARC)
Barclays PLC (LON:BARC)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. They currently have a GBX 315 ($5.05) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 16.09% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 325 ($5.21) price target on the stock. Separately, analysts at AlphaValue reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Thursday. They now have a GBX 342 ($5.49) price target on the stock. Finally, analysts at Societe Generale upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 320 ($5.13) price target on the stock, down previously from GBX 325 ($5.21). Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 328.25 ($5.27).
Shares of Barclays PLC (LON:BARC) opened at 269.45 on Monday. Barclays PLC has a 52-week low of GBX 203.224 and a 52-week high of GBX 312.411. The stock’s 50-day moving average is GBX 288.7 and its 200-day moving average is GBX 298.7. The company’s market cap is £34.153 billion.
Barclays PLC (LON:BARC) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.
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