Barclays PLC’s (LON:BARC) Overweight Rating Reiterated at J P Morgan Chase & Co
Barclays PLC (LON:BARC)‘s stock had its “overweight” rating restated by analysts at J P Morgan Chase & Co in a research note issued on Thursday. They presently have a GBX 240 ($3.13) price objective on the financial services provider’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 17.04% from the company’s current price.
A number of other research firms also recently weighed in on BARC. Jefferies Group LLC reissued a “hold” rating and set a GBX 232 ($3.03) target price on shares of Barclays PLC in a research report on Monday, June 12th. Shore Capital reissued a “hold” rating on shares of Barclays PLC in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 180 ($2.35) target price on shares of Barclays PLC in a research report on Wednesday, June 28th. BNP Paribas reissued an “outperform” rating and set a GBX 240 ($3.13) target price on shares of Barclays PLC in a research report on Wednesday. Finally, Investec reissued a “buy” rating and set a GBX 245 ($3.20) target price on shares of Barclays PLC in a research report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Barclays PLC has a consensus rating of “Hold” and a consensus target price of GBX 227 ($2.96).
Shares of Barclays PLC (LON:BARC) traded down 1.51% on Thursday, reaching GBX 205.05. 24,468,784 shares of the company were exchanged. The company’s 50-day moving average price is GBX 205.68 and its 200 day moving average price is GBX 218.55. Barclays PLC has a 12 month low of GBX 145.25 and a 12 month high of GBX 267.32. The company’s market cap is GBX 34.70 billion.
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In related news, insider Ian Cheshire acquired 50,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were acquired at an average cost of GBX 210 ($2.74) per share, for a total transaction of £105,000 ($137,111.52).
Barclays PLC Company Profile
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