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

Barclays (LON:BARC) had its price target upped by JPMorgan Chase & Co. from GBX 360 ($4.56) to GBX 370 ($4.69) in a research report released on Tuesday, Marketbeat.com reports. They currently have an overweight rating on the financial services provider’s stock.

Separately, Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 296 ($3.75).

Barclays Stock Down 0.5 %

Shares of LON BARC opened at GBX 304.54 ($3.86) on Tuesday. The firm has a market cap of £43.73 billion, a PE ratio of 8.95, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s fifty day simple moving average is GBX 281.21 and its 200 day simple moving average is GBX 252.59. Barclays has a 12-month low of GBX 159.10 ($2.02) and a 12-month high of GBX 312.60 ($3.96).

Barclays (LON:BARC) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities analysts predict that Barclays will post 39.1062802 earnings per share for the current year.

Insider Buying and Selling at Barclays

In other news, insider Robert Berry bought 3,028 shares of the company’s stock in a transaction on Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.73) per share, with a total value of £8,902.32 ($11,280.18). Also, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.42), for a total value of £108,531.90 ($137,521.41). 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.