JPMorgan Chase & Co. Reaffirms "Overweight" Rating for Barclays (LON:BARC)

JPMorgan Chase & Co. restated their overweight rating on shares of Barclays (LON:BARC - Free Report) in a report published on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 350 ($4.46) target price on the financial services provider's stock.

A number of other equities research analysts also recently commented on BARC. Citigroup restated a "buy" rating on shares of Barclays in a research report on Monday, September 2nd. Shore Capital reissued a "buy" rating on shares of Barclays in a report on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 292 ($3.72).

Barclays Stock Performance

BARC traded up GBX 2.45 ($0.03) during trading on Wednesday, hitting GBX 266.65 ($3.40). The stock had a trading volume of 29,770,944 shares, compared to its average volume of 52,205,500. Barclays has a twelve month low of GBX 138.40 ($1.77) and a twelve month high of GBX 269.60 ($3.44). The firm has a market capitalization of £38.69 billion, a P/E ratio of 1,025.58, a PEG ratio of 1.15 and a beta of 1.36. The company's 50-day moving average price is GBX 249.41 and its 200 day moving average price is GBX 230.41.

Insider Transactions at Barclays

In other news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.18), for a total value of £272,415.96 ($347,513.66). Also, insider Anna Cross sold 49,013 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.82), for a total transaction of £108,318.73 ($138,179.27). Insiders own 1.47% of the company's stock.

Barclays Company Profile

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.