Barclays PLC (BARC) Given a GBX 240 Price Target at J P Morgan Chase & Co

Barclays PLC (LON:BARC) has been assigned a GBX 240 ($3.06) price objective by equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 21.49% from the stock’s current price.

A number of other research firms have also recently commented on BARC. Credit Suisse Group restated an “outperform” rating and set a GBX 260 ($3.31) target price on shares of Barclays PLC in a research note on Thursday, March 9th. Macquarie restated a “neutral” rating and set a GBX 245 ($3.12) target price on shares of Barclays PLC in a research note on Monday, March 6th. Morgan Stanley upgraded shares of Barclays PLC to an “overweight” rating and raised their target price for the stock from GBX 230 ($2.93) to GBX 280 ($3.57) in a research note on Friday, March 17th. Deutsche Bank AG set a GBX 267 ($3.40) target price on shares of Barclays PLC and gave the stock a “buy” rating in a research note on Monday, March 6th. Finally, Jefferies Group LLC set a GBX 232 ($2.96) target price on shares of Barclays PLC and gave the stock a “neutral” rating in a research note on Wednesday, March 29th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 225.67 ($2.88).

Analyst Recommendations for Barclays PLC (LON:BARC)

Barclays PLC (LON:BARC) opened at 199.85 on Monday. The company’s 50-day moving average is GBX 208.72 and its 200 day moving average is GBX 221.85. The stock’s market cap is GBX 33.82 billion. Barclays PLC has a 52 week low of GBX 121.10 and a 52 week high of GBX 267.32.

TRADEMARK VIOLATION WARNING: “Barclays PLC (BARC) Given a GBX 240 Price Target at J P Morgan Chase & Co” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2017/06/26/barclays-plc-barc-given-a-gbx-240-price-target-at-j-p-morgan-chase-co.html.

In other news, insider Ian Cheshire acquired 50,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was bought at an average cost of GBX 210 ($2.68) per share, with a total value of £105,000 ($133,775.00).

About Barclays PLC

Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply