JPMorgan Chase & Co. Reaffirms Neutral Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a GBX 225 ($2.93) target price on the financial services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 6.31% from the company’s current price.
BARC has been the topic of a number of other reports. BNP Paribas upgraded Barclays PLC to an “outperform” rating and set a GBX 290 ($3.77) target price on the stock in a research note on Friday, March 24th. Shore Capital restated a “hold” rating on shares of Barclays PLC in a research note on Friday, April 28th. HSBC Holdings plc restated a “buy” rating and set a GBX 260 ($3.38) target price on shares of Barclays PLC in a research note on Tuesday, April 18th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 260 ($3.38) target price on shares of Barclays PLC in a research note on Thursday, April 20th. Finally, Goldman Sachs Group Inc downgraded Barclays PLC to a “sell” rating and dropped their target price for the stock from GBX 250 ($3.25) to GBX 180 ($2.34) in a research note on Friday, May 5th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Barclays PLC has an average rating of “Hold” and a consensus target price of GBX 219.58 ($2.86).
Shares of Barclays PLC (LON:BARC) opened at 211.65 on Tuesday. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 267.32. The stock has a 50 day moving average price of GBX 212.39 and a 200-day moving average price of GBX 221.84. The stock’s market capitalization is GBX 35.89 billion.
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In related news, insider Ian Cheshire acquired 50,000 shares of Barclays PLC stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average cost of GBX 210 ($2.73) per share, for a total transaction of £105,000 ($136,594.25).
About Barclays PLC
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