Barclays (BARC) Given a GBX 240 Price Target by JPMorgan Chase & Co. Analysts
Barclays (LON:BARC) has been assigned a GBX 240 ($3.32) target price by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 20.20% from the company’s current price.
Several other research firms have also recently commented on BARC. Deutsche Bank raised their price target on shares of Barclays from GBX 210 ($2.90) to GBX 234 ($3.23) and gave the stock a “buy” rating in a report on Friday, January 26th. HSBC restated a “buy” rating and set a GBX 240 ($3.32) price target on shares of Barclays in a report on Monday, January 29th. Royal Bank of Canada set a GBX 215 ($2.97) price target on shares of Barclays and gave the stock a “neutral” rating in a report on Monday, December 18th. Morgan Stanley set a GBX 230 ($3.18) price target on shares of Barclays and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Goldman Sachs Group set a GBX 175 ($2.42) price target on shares of Barclays and gave the stock a “sell” rating in a report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 219.68 ($3.04).
Shares of Barclays (LON BARC) opened at GBX 199.66 ($2.76) on Thursday. The company has a market cap of $34,040.00 and a P/E ratio of 1,834.09. Barclays has a fifty-two week low of GBX 177.30 ($2.45) and a fifty-two week high of GBX 244.40 ($3.38).
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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