Barclays (LON:BARC) Given “Overweight” Rating at JPMorgan Chase & Co.

Barclays (LON:BARC)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 500 price target on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 14.67% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Wednesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised their target price on Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup lifted their target price on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 445.83.

Barclays Price Performance

Shares of LON BARC traded down GBX 0.35 during mid-day trading on Tuesday, hitting GBX 436.05. The company had a trading volume of 41,562,895 shares, compared to its average volume of 43,505,395. Barclays has a 12 month low of GBX 223.75 and a 12 month high of GBX 438.25. The stock has a market cap of £60.64 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.15 and a beta of 1.36. The firm’s 50 day simple moving average is GBX 396.37 and its two-hundred day simple moving average is GBX 366.59.

Barclays (LON:BARC) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities analysts forecast that Barclays will post 39.1062802 earnings per share for the current year.

About Barclays

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.