Barclays (LON:BARC) Given a GBX 240 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 240 ($3.14) target price on Barclays (LON:BARC) in a report released on Friday morning, Borsen Zeitung reports.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Barclays from GBX 280 ($3.66) to GBX 270 ($3.53) and set a buy rating for the company in a research note on Thursday, August 5th. Shore Capital restated a buy rating on shares of Barclays in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Barclays from GBX 230 ($3.00) to GBX 240 ($3.14) and gave the company a buy rating in a report on Thursday, July 29th. UBS Group set a GBX 220 ($2.87) target price on shares of Barclays in a report on Wednesday, September 1st. Finally, Royal Bank of Canada set a GBX 190 ($2.48) target price on shares of Barclays in a report on Thursday, August 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of GBX 238.67 ($3.12).

Shares of LON BARC opened at GBX 182.72 ($2.39) on Friday. Barclays has a 52 week low of GBX 88.90 ($1.16) and a 52 week high of GBX 210.45 ($2.75). The firm has a 50-day moving average price of GBX 178.46 and a 200 day moving average price of GBX 179.28. The stock has a market capitalization of £30.91 billion and a price-to-earnings ratio of 6.95.

The company also recently declared a dividend, which was paid on Friday, September 17th. Stockholders of record on Thursday, August 12th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, August 12th. This is an increase from Barclays’s previous dividend of $1.00. This represents a dividend yield of 1.18%. Barclays’s payout ratio is 0.04%.

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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