JPMorgan Chase & Co. Analysts Give Barclays PLC (BARC) a GBX 240 Price Target
Barclays PLC (LON:BARC) received a GBX 240 ($3.05) price objective from investment analysts at JPMorgan Chase & Co. in a research report issued on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 19.43% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. HSBC Holdings plc reissued a “buy” rating and set a GBX 260 ($3.31) price target on shares of Barclays PLC in a research report on Thursday, May 18th. Deutsche Bank AG cut their price target on shares of Barclays PLC from GBX 267 ($3.40) to GBX 250 ($3.18) and set a “buy” rating on the stock in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 180 ($2.29) price objective on shares of Barclays PLC in a research note on Wednesday, May 17th. Jefferies Group LLC restated a “hold” rating and set a GBX 232 ($2.95) price objective on shares of Barclays PLC in a research note on Monday, June 12th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 260 ($3.31) price objective on shares of Barclays PLC in a research note on Thursday, April 20th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Barclays PLC presently has an average rating of “Hold” and an average target price of GBX 225.67 ($2.87).
Barclays PLC (LON:BARC) traded up 1.19% during trading on Monday, hitting GBX 199.90. 25,352,643 shares of the stock were exchanged. Barclays PLC has a 12-month low of GBX 121.10 and a 12-month high of GBX 267.32. The firm’s market capitalization is GBX 33.83 billion. The stock has a 50 day moving average price of GBX 208.72 and a 200-day moving average price of GBX 221.85.
In other news, insider Ian Cheshire purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were bought at an average cost of GBX 210 ($2.67) per share, with a total value of £105,000 ($133,553.80).
Barclays PLC Company Profile
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