Barclays (LON:BARC) received a GBX 250 ($3.39) price target from analysts at JPMorgan Chase in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase’s price objective would suggest a potential upside of 19.70% from the company’s previous close.
Several other brokerages also recently weighed in on BARC. Credit Suisse Group reiterated an “outperform” rating and set a GBX 230 ($3.12) target price on shares of Barclays in a research note on Monday, March 19th. Citigroup reissued a “sell” rating and set a GBX 150 ($2.03) price target on shares of Barclays in a report on Tuesday, March 20th. Investec cut shares of Barclays to a “hold” rating and increased their price target for the stock from GBX 215 ($2.92) to GBX 225 ($3.05) in a report on Tuesday, March 20th. Jefferies Group set a GBX 265 ($3.59) price target on shares of Barclays and gave the stock a “buy” rating in a report on Monday, April 16th. Finally, Goldman Sachs set a GBX 220 ($2.98) price target on shares of Barclays and gave the stock a “neutral” rating in a report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Barclays currently has an average rating of “Buy” and an average target price of GBX 227.63 ($3.09).
Shares of BARC opened at GBX 208.85 ($2.83) on Thursday. Barclays has a fifty-two week low of GBX 177.30 ($2.41) and a fifty-two week high of GBX 235.35 ($3.19).
In other news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of GBX 210 ($2.85) per share, for a total transaction of £21,000 ($28,486.16). Also, insider Christopher Paul Compton sold 1,004,953 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of GBX 205 ($2.78), for a total transaction of £2,060,153.65 ($2,794,565.45).
Barclays Company Profile
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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