Barclays (BARC) Given a GBX 250 Price Target by JPMorgan Chase & Co. Analysts

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Barclays (LON:BARC) has been assigned a GBX 250 ($3.22) target price by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 42.09% from the company’s previous close.

A number of other brokerages have also weighed in on BARC. Goldman Sachs Group set a GBX 220 ($2.84) target price on Barclays and gave the company a “neutral” rating in a research report on Thursday, May 10th. UBS Group set a GBX 240 ($3.10) target price on Barclays and gave the company a “buy” rating in a research report on Tuesday, May 8th. HSBC lifted their target price on Barclays from GBX 240 ($3.10) to GBX 260 ($3.35) and gave the company a “buy” rating in a research report on Wednesday, June 20th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, August 2nd. Finally, Deutsche Bank set a GBX 239 ($3.08) target price on Barclays and gave the company a “buy” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 227.37 ($2.93).

Shares of LON BARC opened at GBX 175.94 ($2.27) on Wednesday. Barclays has a twelve month low of GBX 177.30 ($2.29) and a twelve month high of GBX 235.35 ($3.04).

In related news, insider Mike Turner purchased 50,000 shares of Barclays stock in a transaction dated Friday, August 3rd. The stock was purchased at an average cost of GBX 190 ($2.45) per share, with a total value of £95,000 ($122,549.02). Also, insider Tim J. Breedon purchased 3,859 shares of Barclays stock in a transaction dated Friday, August 10th. The stock was bought at an average cost of GBX 190 ($2.45) per share, with a total value of £7,332.10 ($9,458.33).

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.

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Analyst Recommendations for Barclays (LON:BARC)

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