JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Barclays (LON:BARC) Stock

Barclays (LON:BARC - Get Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from GBX 350 ($4.27) to GBX 360 ($4.40) in a research report issued on Monday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 38.09% from the stock's current price.

Separately, Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 294 ($3.59).

Barclays Trading Up 1.0 %

Shares of LON BARC traded up GBX 2.65 ($0.03) during trading hours on Monday, hitting GBX 260.70 ($3.18). 44,674,203 shares of the company traded hands, compared to its average volume of 34,931,105. The stock has a market capitalization of £37.83 billion, a price-to-earnings ratio of 1,002.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company's 50 day moving average price is GBX 261.98 and its 200 day moving average price is GBX 238.89. Barclays has a 12 month low of GBX 138.40 ($1.69) and a 12 month high of GBX 273.25 ($3.34).

Insider Activity

In other news, insider Brian Gilvary sold 109,404 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.04), for a total transaction of £272,415.96 ($332,579.61). Also, insider Anna Cross sold 40,197 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.30), for a total value of £108,531.90 ($132,501.40). Company 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.