Barclays (LON:BARC) Price Target Raised to GBX 360

Barclays (LON:BARC) had its price objective boosted by JPMorgan Chase & Co. from GBX 350 ($4.28) to GBX 360 ($4.41) in a report issued on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 294 ($3.60).

Barclays Stock Performance

Shares of BARC opened at GBX 280.95 ($3.44) on Monday. Barclays has a fifty-two week low of GBX 138.40 ($1.69) and a fifty-two week high of GBX 282.45 ($3.46). The firm has a 50 day moving average price of GBX 263.15 and a 200-day moving average price of GBX 239.93. The firm has a market cap of £40.77 billion, a price-to-earnings ratio of 1,080.58, a PEG ratio of 1.15 and a beta of 1.36.

Insider Activity at Barclays

In other Barclays news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.05), for a total transaction of £272,415.96 ($333,434.47). Also, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.30), for a total transaction of £108,531.90 ($132,841.98). 1.47% of the stock is currently owned by company insiders.

Barclays Company Profile

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.