Barclays (LON:BARC) Price Target Raised to GBX 410 at JPMorgan Chase & Co.

Barclays (LON:BARC) had its price objective upped by stock analysts at JPMorgan Chase & Co. from GBX 370 ($4.78) to GBX 410 ($5.30) in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has a “top pick” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 33.03% from the company’s current price.

A number of other research analysts have also recently issued reports on BARC. Citigroup boosted their target price on Barclays from GBX 320 ($4.13) to GBX 350 ($4.52) and gave the company a “buy” rating in a research note on Thursday, March 6th. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.52) price target on shares of Barclays in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 317.14 ($4.10).

Barclays Price Performance

Shares of LON:BARC traded up GBX 4.60 ($0.06) during midday trading on Tuesday, reaching GBX 308.20 ($3.98). The company’s stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 86,162,742. The business’s fifty day simple moving average is GBX 297.10 and its 200-day simple moving average is GBX 265.15. Barclays has a fifty-two week low of GBX 176.24 ($2.28) and a fifty-two week high of GBX 316 ($4.08). The company has a market capitalization of £44.25 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, analysts forecast that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling at Barclays

In related news, insider C.S. Venkatakrishnan sold 185,862 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of GBX 292 ($3.77), for a total transaction of £542,717.04 ($701,275.41). Also, insider Robert Berry bought 3,028 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average cost of GBX 294 ($3.80) per share, with a total value of £8,902.32 ($11,503.19). Insiders own 1.47% of the company’s stock.

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.