JPMorgan Chase & Co. Analysts Give Barclays (BARC) a GBX 250 Price Target

JPMorgan Chase & Co. set a GBX 250 ($3.35) price objective on Barclays (LON:BARC) in a research note released on Thursday, May 17th. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the stock. HSBC reissued a buy rating and issued a GBX 240 ($3.22) price target on shares of Barclays in a report on Monday, January 29th. Deutsche Bank reaffirmed a buy rating and issued a GBX 234 ($3.14) target price on shares of Barclays in a research report on Monday, February 5th. Goldman Sachs Group set a GBX 175 ($2.35) target price on shares of Barclays and gave the stock a sell rating in a research report on Wednesday, January 17th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 230 ($3.09) target price on shares of Barclays in a research report on Monday, March 19th. Finally, Citigroup reaffirmed a sell rating on shares of Barclays in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Barclays presently has an average rating of Buy and an average target price of GBX 227.63 ($3.05).

Shares of Barclays opened at GBX 207.45 ($2.78) on Thursday, reports. Barclays has a 12-month low of GBX 177.30 ($2.38) and a 12-month high of GBX 235.35 ($3.16).

In other news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of GBX 210 ($2.82) per share, with a total value of £21,000 ($28,176.57). Also, insider Christopher Paul Compton sold 1,004,953 shares of Barclays stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of GBX 205 ($2.75), for a total transaction of £2,060,153.65 ($2,764,193.81).

About Barclays

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.

Analyst Recommendations for Barclays (LON:BARC)

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