J P Morgan Chase & Co Reaffirms Overweight Rating for Barclays PLC (BARC)

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Barclays PLC (LON:BARC) in a report issued on Thursday morning. They currently have a GBX 240 ($3.13) price objective on the financial services provider’s stock.

BARC has been the subject of several other research reports. Deutsche Bank AG set a GBX 267 ($3.49) price objective on Barclays PLC and gave the company a buy rating in a report on Monday, April 10th. Goldman Sachs Group, Inc. (The) upped their price objective on Barclays PLC to GBX 180 ($2.35) and gave the company a sell rating in a report on Thursday, June 22nd. Credit Suisse Group restated an outperform rating and issued a GBX 260 ($3.40) price objective on shares of Barclays PLC in a report on Tuesday, March 28th. UBS AG set a GBX 235 ($3.07) price objective on Barclays PLC and gave the company a buy rating in a report on Wednesday, June 7th. Finally, Morgan Stanley set a GBX 250 ($3.26) price objective on Barclays PLC and gave the company a buy rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 227 ($2.96).

Barclays PLC (LON BARC) traded down 1.51% on Thursday, hitting GBX 205.05. The stock had a trading volume of 24,468,784 shares. Barclays PLC has a one year low of GBX 145.25 and a one year high of GBX 267.32. The company’s market cap is GBX 34.70 billion. The stock has a 50-day moving average of GBX 205.68 and a 200-day moving average of GBX 218.55.

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In related news, insider Ian Cheshire acquired 50,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average price of GBX 210 ($2.74) per share, with a total value of £105,000 ($137,111.52).

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