Barclays (LON:BARC) Price Target Raised to GBX 370

Barclays (LON:BARC - Free Report) had its price target increased by JPMorgan Chase & Co. from GBX 360 ($4.55) to GBX 370 ($4.67) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the financial services provider's stock.

Separately, Shore Capital reiterated a "buy" rating on shares of Barclays in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 296 ($3.74).

Barclays Stock Performance

BARC traded up GBX 5.70 ($0.07) during mid-day trading on Tuesday, reaching GBX 304.10 ($3.84). The stock had a trading volume of 41,860,895 shares, compared to its average volume of 43,636,586. The stock has a market capitalization of £43.66 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a 52 week low of GBX 159.10 ($2.01) and a 52 week high of GBX 312.60 ($3.95). The firm's fifty day simple moving average is GBX 281.89 and its two-hundred day simple moving average is GBX 252.95.

Barclays (LON:BARC - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) 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, analysts expect that Barclays will post 39.1062802 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Anna Cross sold 40,197 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.41), for a total transaction of £108,531.90 ($137,121.79). Also, insider Robert Berry bought 3,028 shares of the firm's stock in a transaction on Friday, February 14th. The stock was purchased at an average cost of GBX 294 ($3.71) per share, for a total transaction of £8,902.32 ($11,247.40). 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.