Barclays (LON:BARC) Price Target Raised to GBX 525 at JPMorgan Chase & Co.

Barclays (LON:BARC) had its price objective raised by stock analysts at JPMorgan Chase & Co. from GBX 500 to GBX 525 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 24.05% from the company’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Citigroup upped their price objective on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their target price on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 450.

Barclays Price Performance

Shares of BARC stock traded up GBX 5.95 on Tuesday, reaching GBX 423.20. 51,885,957 shares of the stock were exchanged, compared to its average volume of 43,951,305. Barclays has a one year low of GBX 223.75 and a one year high of GBX 426.15. The stock has a market cap of £58.86 billion, a PE ratio of 10.42, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50 day moving average price of GBX 383.07 and a 200 day moving average price of GBX 354.07.

Barclays (LON:BARC) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, research analysts expect that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Barclays news, insider Anna Cross sold 753,438 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of GBX 373, for a total transaction of £2,810,323.74. Insiders own 0.33% 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.