Barclays' (BARC) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Barclays (LON:BARC - Get Free Report)'s stock had its "overweight" rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, MarketBeat reports.

Several other research analysts have also recently issued reports on BARC. Citigroup cut Barclays to a "neutral" rating and upped their price target for the company from GBX 360 ($4.76) to GBX 366 ($4.83) in a report on Friday, July 18th. Royal Bank Of Canada upped their price target on Barclays from GBX 340 ($4.49) to GBX 355 ($4.69) and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Shore Capital upped their price target on Barclays from GBX 395 ($5.22) to GBX 410 ($5.42) and gave the company a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 384.20 ($5.08).

Barclays Stock Down 3.9%

BARC stock traded down GBX 14.65 ($0.19) during midday trading on Wednesday, reaching GBX 356.65 ($4.71). The company had a trading volume of 31,927,418 shares, compared to its average volume of 47,125,098. The stock has a 50 day moving average price of GBX 336.10 and a 200 day moving average price of GBX 308.53. Barclays has a fifty-two week low of GBX 196.44 ($2.59) and a fifty-two week high of GBX 376.35 ($4.97). The firm has a market capitalization of £51.21 billion, a PE ratio of 10.48, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 ($0.15) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Research analysts predict that Barclays will post 39.1062802 EPS for the current year.

Insider Activity at Barclays

In related news, insider Dawn Fitzpatrick purchased 2,999 shares of the stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average cost of GBX 371 ($4.90) per share, for a total transaction of £11,126.29 ($14,697.87). Also, insider Julia Wilson purchased 2,648 shares of the stock in a transaction dated Wednesday, July 30th. The shares were bought at an average price of GBX 371 ($4.90) per share, for a total transaction of £9,824.08 ($12,977.65). Over the last 90 days, insiders acquired 98,837 shares of company stock worth $33,407,827. Insiders own 1.47% 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.