Barclays PLC Rating Reiterated by JPMorgan Chase & Co. (BARC)
Barclays PLC (LON:BARC)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a GBX 315 ($5.17) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 12.12% from the stock’s previous close.
Shares of Barclays PLC (LON:BARC) traded up 0.98% during mid-day trading on Wednesday, hitting GBX 283.706. The stock had a trading volume of 33,199,540 shares. Barclays PLC has a 52 week low of GBX 246.65 and a 52 week high of GBX 312.411. The stock has a 50-day moving average of GBX 263.4 and a 200-day moving average of GBX 278.. The company’s market cap is £35.960 billion.
BARC has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Tuesday. They now have a GBX 356 ($5.84) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Barclays PLC in a research note to investors on Tuesday. They now have a GBX 290 ($4.76) price target on the stock. Finally, analysts at Investec raised their price target on shares of Barclays PLC from GBX 300 ($4.92) to GBX 305 ($5.00) in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 324.11 ($5.32).
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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