Barclays’ (BARC) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Barclays (LON:BARC) in a report published on Tuesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 500 target price on the financial services provider’s stock.

BARC has been the subject of a number of other research reports. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group lifted their price target on Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup increased their price objective on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 445.83.

Barclays Stock Performance

Shares of BARC opened at GBX 442.22 on Tuesday. The stock has a market capitalization of £61.40 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s fifty day moving average is GBX 398.59 and its two-hundred day moving average is GBX 367.59. Barclays has a 1 year low of GBX 223.75 and a 1 year high of GBX 442.95.

Barclays (LON:BARC) last released its earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Sell-side analysts predict that Barclays will post 39.1062802 EPS for the current year.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.