Barclays (LON:BARC) Price Target Raised to GBX 620

Barclays (LON:BARC) had its price objective increased by JPMorgan Chase & Co. from GBX 610 to GBX 620 in a report released on Tuesday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the stock. Jefferies Financial Group raised their target price on shares of Barclays from GBX 590 to GBX 600 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Citigroup upped their price target on shares of Barclays from GBX 505 to GBX 510 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 550 price target on shares of Barclays in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 570 price objective on shares of Barclays in a research note on Wednesday, July 29th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 620 price objective on shares of Barclays in a research report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 578.33.

Barclays Stock Performance

BARC opened at GBX 478.09 on Tuesday. The firm has a market cap of £64.17 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The business has a 50 day moving average price of GBX 505.18 and a 200 day moving average price of GBX 464.87. Barclays has a twelve month low of GBX 353.55 and a twelve month high of GBX 538.30.

Barclays (LON:BARC) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 EPS for the quarter. Barclays had a return on equity of 10.11% and a net margin of 25.61%. As a group, analysts anticipate that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mary Mack bought 2,160 shares of Barclays stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average price of GBX 497 per share, for a total transaction of £10,735.20. Also, insider Robert Berry bought 1,908 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were purchased at an average cost of GBX 497 per share, for a total transaction of £9,482.76. Over the last ninety days, insiders acquired 27,498 shares of company stock worth $13,666,506. 0.34% of the stock is currently owned by corporate insiders.

Key Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Analyst outlook remains supportive. A report highlighted JPMorgan Chase’s expectation for strong potential appreciation in Barclays shares, reinforcing the view that the stock’s relatively low valuation could offer upside. JPMorgan Chase forecasts strong price appreciation for Barclays stock
• Neutral Sentiment: Barclays’ research activity was visible across financial markets. Barclays analysts issued or maintained views on companies including Intel, J.B. Hunt and ZIM. These actions may support the bank’s profile and fee-generating research franchise, but they do not directly change Barclays’ earnings outlook. Intel stock rises following Barclays upgrade J.B. Hunt earnings outlook and Barclays analysis
• Negative Sentiment: Employees are pushing back against stricter office requirements. Thousands of Barclays staff reportedly want the bank to reverse its return-to-office mandate, while some bankers are seeking one-off payments or reimbursement for commuting costs. A prolonged dispute could pressure morale, increase compensation and travel-related expenses, and create reputational or retention risks. Barclays staff backlash over return-to-office rules

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.