Barclays PLC (BARC) Earns Overweight Rating from J P Morgan Chase & Co
Barclays PLC (LON:BARC)‘s stock had its “overweight” rating restated by research analysts at J P Morgan Chase & Co in a report released on Friday. They currently have a GBX 240 ($3.24) price target on the financial services provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 28.03% from the company’s previous close.
Several other analysts also recently weighed in on BARC. UBS AG set a GBX 235 ($3.17) target price on Barclays PLC and gave the company a “buy” rating in a research note on Wednesday, June 7th. Morgan Stanley set a GBX 250 ($3.37) target price on Barclays PLC and gave the company a “buy” rating in a research note on Monday, July 17th. Societe Generale reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 232 ($3.13) target price on shares of Barclays PLC in a research note on Monday, June 12th. Finally, Investec reaffirmed a “buy” rating and set a GBX 245 ($3.30) target price on shares of Barclays PLC in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Barclays PLC presently has a consensus rating of “Hold” and an average target price of GBX 226.56 ($3.05).
Barclays PLC (LON BARC) opened at 187.45 on Friday. Barclays PLC has a one year low of GBX 155.95 and a one year high of GBX 267.32. The firm’s market cap is GBX 31.97 billion. The company’s 50-day moving average price is GBX 196.09 and its 200-day moving average price is GBX 208.92.
WARNING: This news story was posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/18/j-p-morgan-chase-co-analysts-give-barclays-plc-barc-a-gbx-240-price-target.html.
In other news, insider Matthew Lester bought 10,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of GBX 192 ($2.59) per share, for a total transaction of £19,200 ($25,886.48). Also, insider Tim J. Breedon bought 3,224 shares of the stock in a transaction on Monday, July 31st. The stock was purchased at an average price of GBX 202 ($2.72) per share, for a total transaction of £6,512.48 ($8,780.48).
About Barclays PLC
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.