Barclays (LON:BARC) Price Target Raised to GBX 500 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Barclays from GBX 420 to GBX 500, indicating a potential upside of 35.54% from the stock's previous close.
• Barclays has received a variety of ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of GBX 424.33.
• Insider trading showed mixed activity, with notable selling from Anna Cross and purchasing by Mary Francis, highlighting potential confidence issues among company insiders.

Barclays (LON:BARC - Get Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from GBX 420 to GBX 500 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 35.54% from the stock's previous close.

BARC has been the topic of a number of other reports. Shore Capital boosted their target price on Barclays from GBX 395 to GBX 410 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Citigroup downgraded Barclays to a "neutral" rating and boosted their target price for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. Royal Bank Of Canada boosted their target price on Barclays from GBX 355 to GBX 435 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group boosted their target price on Barclays from GBX 405 to GBX 455 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Barclays currently has a consensus rating of "Moderate Buy" and an average price target of GBX 424.33.

Barclays Stock Up 0.6%

LON BARC opened at GBX 368.90 on Tuesday. The firm has a market cap of £51.75 billion, a price-to-earnings ratio of 910.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a 50-day moving average price of GBX 358.66 and a 200-day moving average price of GBX 322.39. Barclays has a twelve month low of GBX 213.90 and a twelve month high of GBX 379.32.

Barclays (LON:BARC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Research analysts expect that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anna Cross sold 753,438 shares of Barclays stock in a transaction dated Friday, August 15th. The stock was sold at an average price of GBX 373, for a total value of £2,810,323.74. Also, insider Mary Francis purchased 3,752 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of GBX 371 per share, for a total transaction of £13,919.92. In the last quarter, insiders have bought 98,837 shares of company stock valued at $33,407,827 and have sold 789,945 shares valued at $292,933,656. Insiders own 0.27% of the company's stock.

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.

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