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).
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.
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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
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