Barclays (BARC) Given a GBX 250 Price Target at JPMorgan Chase

JPMorgan Chase set a GBX 250 ($3.39) price target on Barclays (LON:BARC) in a report issued on Thursday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Goldman Sachs set a GBX 220 ($2.98) price target on Barclays and gave the company a neutral rating in a research note on Thursday, May 10th. UBS set a GBX 240 ($3.26) price target on Barclays and gave the company a buy rating in a research note on Tuesday, May 8th. Berenberg Bank reissued a hold rating and issued a GBX 200 ($2.71) price target on shares of Barclays in a research note on Thursday, May 3rd. Deutsche Bank decreased their price target on Barclays from GBX 250 ($3.39) to GBX 245 ($3.32) and set a buy rating for the company in a research note on Tuesday, May 1st. Finally, Credit Suisse Group set a GBX 235 ($3.19) price target on Barclays and gave the company a buy rating in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Barclays presently has an average rating of Buy and an average price target of GBX 227.63 ($3.09).

Shares of BARC stock traded down GBX 1.50 ($0.02) on Thursday, hitting GBX 207.50 ($2.81). The company had a trading volume of 37,379,736 shares, compared to its average volume of 50,310,000. Barclays has a twelve month low of GBX 177.30 ($2.41) and a twelve month high of GBX 235.35 ($3.19).

In other Barclays news, insider Christopher Paul Compton sold 1,004,953 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of GBX 205 ($2.78), for a total value of £2,060,153.65 ($2,794,565.45). Also, insider Mike Turner purchased 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of GBX 210 ($2.85) per share, for a total transaction of £21,000 ($28,486.16).

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (LON:BARC)

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