Barclays (LON:BARC) has been given a GBX 220 ($2.87) price objective by research analysts at JPMorgan Chase & Co. in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 40.00% from the stock’s previous close.

A number of other analysts have also weighed in on BARC. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Tuesday, September 10th. UBS Group reissued a “buy” rating and set a GBX 190 ($2.48) price objective (down previously from GBX 200 ($2.61)) on shares of Barclays in a research note on Friday, September 13th. Societe Generale reissued a “buy” rating on shares of Barclays in a research note on Tuesday, September 10th. Royal Bank of Canada set a GBX 175 ($2.29) price objective on Barclays and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Barclays in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 193.67 ($2.53).

LON:BARC opened at GBX 157.14 ($2.05) on Monday. The firm has a market cap of $27.14 billion and a PE ratio of 8.78. Barclays has a fifty-two week low of GBX 131.04 ($1.71) and a fifty-two week high of GBX 181 ($2.37). The business has a 50 day moving average price of GBX 144.62 and a 200-day moving average price of GBX 153.06.

In other news, insider Nigel Higgins acquired 10,092 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of GBX 153 ($2.00) per share, for a total transaction of £15,440.76 ($20,176.09).

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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