JPMorgan Chase & Co. Reiterates “GBX 220” Price Target for Barclays (LON:BARC)

Barclays (LON:BARC) has been assigned a GBX 220 ($2.87) target price by stock analysts at JPMorgan Chase & Co. in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 46.67% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. HSBC reissued a “buy” rating on shares of Barclays in a research report on Tuesday, May 14th. Berenberg Bank set a GBX 220 ($2.87) target price on shares of Barclays and gave the stock a “buy” rating in a research report on Friday, February 22nd. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, April 25th. Deutsche Bank dropped their target price on shares of Barclays from GBX 216 ($2.82) to GBX 215 ($2.81) and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 280 ($3.66) target price (up previously from GBX 263 ($3.44)) on shares of Barclays in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 216.79 ($2.83).

BARC stock opened at GBX 150 ($1.96) on Wednesday. The stock has a market cap of $26.24 billion and a price-to-earnings ratio of 7.77. Barclays has a 52-week low of GBX 145 ($1.89) and a 52-week high of GBX 201.45 ($2.63).

In related news, insider Crawford S. Gillies purchased 30,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of GBX 158 ($2.06) per share, with a total value of £47,400 ($61,936.50).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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