JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Barclays PLC (BARC)
JPMorgan Chase & Co. restated their neutral rating on shares of Barclays PLC (LON:BARC) in a report published on Tuesday. They currently have a GBX 225 ($2.93) target price on the financial services provider’s stock.
Several other equities analysts have also recently commented on BARC. HSBC Holdings plc reiterated a buy rating and set a GBX 260 ($3.38) target price on shares of Barclays PLC in a research note on Thursday, May 18th. Credit Suisse Group AG cut their target price on shares of Barclays PLC from GBX 260 ($3.38) to GBX 250 ($3.25) and set an outperform rating for the company in a research note on Friday, May 19th. Jefferies Group LLC reiterated a hold rating and set a GBX 222 ($2.89) target price on shares of Barclays PLC in a research note on Thursday, February 23rd. Royal Bank of Canada upped their target price on shares of Barclays PLC from GBX 220 ($2.86) to GBX 230 ($2.99) and gave the company a sector performer rating in a research note on Tuesday, February 28th. Finally, Deutsche Bank AG set a GBX 267 ($3.47) target price on shares of Barclays PLC and gave the company a buy rating in a research note on Monday, March 6th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Barclays PLC has a consensus rating of Hold and an average target price of GBX 219.58 ($2.86).
Shares of Barclays PLC (LON:BARC) opened at 210.35 on Tuesday. Barclays PLC has a 1-year low of GBX 121.10 and a 1-year high of GBX 267.32. The stock’s market cap is GBX 53.23 billion. The company’s 50-day moving average is GBX 212.59 and its 200 day moving average is GBX 221.91.
In other news, insider Ian Cheshire bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was acquired at an average price of GBX 210 ($2.73) per share, for a total transaction of £105,000 ($136,594.25).
About Barclays PLC
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