JPMorgan Chase & Co. Analysts Give Barclays (LON:BARC) a GBX 270 Price Target

Barclays (LON:BARC – Get Rating) received a GBX 270 ($3.67) target price from analysts at JPMorgan Chase & Co. in a report released on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 37.77% from the company’s current price.

Several other research firms have also issued reports on BARC. UBS Group set a GBX 250 ($3.40) price target on shares of Barclays in a report on Wednesday, January 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 245 ($3.33) price objective on shares of Barclays in a research report on Monday, February 7th. Credit Suisse Group set a GBX 230 ($3.13) price objective on shares of Barclays in a research report on Friday, February 11th. Jefferies Financial Group set a GBX 321 ($4.37) price objective on shares of Barclays in a research report on Wednesday. Finally, The Goldman Sachs Group set a GBX 330 ($4.49) price objective on shares of Barclays and gave the stock a “buy” rating in a research report on Thursday, February 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 262 ($3.56).

Barclays stock traded up GBX 5.82 ($0.08) during mid-day trading on Wednesday, hitting GBX 195.98 ($2.67). 56,568,965 shares of the stock were exchanged, compared to its average volume of 42,444,703. Barclays has a 12 month low of GBX 156.91 ($2.13) and a 12 month high of GBX 219.60 ($2.99). The firm’s fifty day simple moving average is GBX 197.40 and its two-hundred day simple moving average is GBX 191.57. The stock has a market capitalization of £32.84 billion and a price-to-earnings ratio of 6.26.

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This is one stock that has kept its expenses in line and has a positive EBITDA.

In other Barclays news, insider Tushar Morzaria sold 61,230 shares of Barclays stock in a transaction on Monday, December 13th. The shares were sold at an average price of GBX 183 ($2.49), for a total transaction of £112,050.90 ($152,388.00).

Barclays Company Profile (Get Rating)

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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