JPMorgan Chase & Co. Issues Positive Forecast for Barclays (LON:BARC) Stock Price

Barclays (LON:BARC) had its price objective increased by JPMorgan Chase & Co. from GBX 350 ($4.28) to GBX 360 ($4.41) in a report published on Monday, Marketbeat reports. The firm currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barclays has a consensus rating of “Buy” and a consensus target price of GBX 294 ($3.60).

Barclays Price Performance

Barclays stock opened at GBX 280.95 ($3.44) on Monday. The stock has a market cap of £40.77 billion, a P/E ratio of 1,080.58, a PEG ratio of 1.15 and a beta of 1.36. The firm’s 50 day moving average price is GBX 263.15 and its 200-day moving average price is GBX 239.93. Barclays has a 1 year low of GBX 138.40 ($1.69) and a 1 year high of GBX 282.45 ($3.46).

Insider Buying and Selling

In other news, insider Brian Gilvary sold 109,404 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.05), for a total transaction of £272,415.96 ($333,434.47). Also, insider Anna Cross sold 40,197 shares of the company’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 ($132,841.98). 1.47% of the stock is owned by corporate insiders.

About Barclays

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.