Barclays (LON:BARC) Price Target Raised to GBX 410 at JPMorgan Chase & Co.

Barclays (LON:BARC) had its price objective hoisted by JPMorgan Chase & Co. from GBX 370 ($4.79) to GBX 410 ($5.31) in a research report released on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a top pick rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Citigroup upped their price target on Barclays from GBX 320 ($4.14) to GBX 350 ($4.53) and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 350 ($4.53) target price on shares of Barclays in a report on Monday, February 24th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 317.14 ($4.11).

Barclays Trading Up 1.5 %

LON BARC opened at GBX 308.20 ($3.99) on Tuesday. The stock has a 50 day moving average of GBX 297.98 and a 200-day moving average of GBX 265.76. Barclays has a 12 month low of GBX 176.24 ($2.28) and a 12 month high of GBX 316 ($4.09). The company has a market cap of £44.25 billion, a PE ratio of 9.06, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, sell-side analysts predict that Barclays will post 39.1062802 EPS for the current fiscal year.

Insider Activity

In other Barclays news, insider Robert Berry purchased 3,028 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of GBX 294 ($3.81) per share, with a total value of £8,902.32 ($11,525.53). Also, insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.78), for a total value of £542,717.04 ($702,637.29). Corporate insiders own 1.47% of the company’s stock.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.