JPMorgan Chase & Co. Reiterates “Overweight” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They currently have a GBX 305 ($5.23) price objective on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 46.63% from the stock’s previous close.
Barclays PLC (LON:BARC) traded down 1.65% on Wednesday, hitting GBX 208.00. The stock had a trading volume of 91,995,760 shares. Barclays PLC has a one year low of GBX 209.40 and a one year high of GBX 302.527. The stock’s 50-day moving average is GBX 233.1 and its 200-day moving average is GBX 250.2. The company’s market cap is £33.792 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie upgraded shares of Barclays PLC to an “outperform” rating in a research note on Tuesday. They now have a GBX 260 ($4.46) 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 on Monday. They now have a GBX 265 ($4.55) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Barclays PLC from GBX 305 ($5.23) to GBX 300 ($5.15) in a research note on Monday. They now have a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the stock. Barclays PLC currently has an average rating of “Buy” and an average price target of GBX 306.48 ($5.26).
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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