Barclays (LON:BARC) Given New GBX 620 Price Target at JPMorgan Chase & Co.

Barclays (LON:BARC) had its target price upped by stock analysts at JPMorgan Chase & Co. from GBX 610 to GBX 620 in a research report issued on Tuesday, Digital Look reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 30.75% from the company’s current price.

A number of other research firms also recently weighed in on BARC. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 550 target price on shares of Barclays in a research report on Wednesday, August 12th. Berenberg Bank restated a “buy” rating and issued a GBX 620 price objective on shares of Barclays in a research report on Thursday, September 3rd. Jefferies Financial Group upped their target price on Barclays from GBX 590 to GBX 600 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Citigroup raised their price objective on shares of Barclays from GBX 505 to GBX 510 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 570 price target on shares of Barclays in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Barclays currently has an average rating of “Moderate Buy” and an average target price of GBX 578.33.

Barclays Stock Performance

BARC stock opened at GBX 474.20 on Tuesday. The company has a market capitalization of £63.64 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.15 and a beta of 0.87. The stock has a fifty day moving average of GBX 507.20 and a 200-day moving average of GBX 464.65. Barclays has a fifty-two week low of GBX 353.55 and a fifty-two week high of GBX 538.30.

Barclays (LON:BARC) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 EPS for the quarter. Barclays had a return on equity of 10.11% and a net margin of 25.61%. Equities analysts predict that Barclays will post 39.1062802 EPS for the current year.

Insider Activity at Barclays

In related news, insider Dawn Fitzpatrick bought 2,307 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average price of GBX 497 per share, for a total transaction of £11,465.79. Also, insider Nigel Higgins bought 7,604 shares of Barclays stock in a transaction dated Tuesday, July 28th. The stock was purchased at an average cost of GBX 497 per share, for a total transaction of £37,791.88. Insiders bought 27,498 shares of company stock valued at $13,666,506 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays customers are being urged to claim a potential £750 boost by November 25, likely linked to a switching or promotional offer. The campaign could support customer acquisition, deposits and engagement, although any financial benefit to Barclays is likely limited relative to its overall business. Barclays customers urged to act by November 25 for £750 boost
• Neutral Sentiment: Barclays is hosting its Financial Services Conference, where Fifth Third Bancorp (NASDAQ: FITB) is scheduled to present. The event may generate sector commentary and investor interest, but it does not represent a new operating update from Barclays. Fifth Third to Present at Barclays Financial Services Conference
• Neutral Sentiment: PennyMac Financial (NYSE: PFSI) is updating its outlook amid rising mortgage rates during the Barclays Global Financial Services Conference. The discussion could offer read-through on mortgage and consumer-finance conditions, but it is not evidence of a change in Barclays’ own earnings outlook. PennyMac Financial Updates Outlook Amid Rising Mortgage Rates
• Neutral Sentiment: A broader message to Nationwide, Lloyds, Barclays and other savings customers highlights changing account communications and offers. It appears customer-service or product-related rather than a material financial announcement for Barclays investors. Nationwide, Lloyds, Barclays and other savings account customers sent new message

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.