J P Morgan Chase & Co Analysts Give Barclays PLC (LON:BARC) a GBX 240 Price Target

J P Morgan Chase & Co set a GBX 240 ($3.13) target price on Barclays PLC (LON:BARC) in a report issued on Thursday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on BARC. Jefferies Group LLC restated a hold rating and set a GBX 232 ($3.02) price objective on shares of Barclays PLC in a research report on Monday, June 12th. Shore Capital restated a buy rating on shares of Barclays PLC in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) restated a sell rating and set a GBX 180 ($2.34) price objective on shares of Barclays PLC in a research report on Wednesday, June 28th. BNP Paribas restated an outperform rating and set a GBX 240 ($3.13) price objective on shares of Barclays PLC in a research report on Wednesday, July 19th. Finally, Investec restated a buy rating and set a GBX 245 ($3.19) price objective on shares of Barclays PLC in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 226.72 ($2.95).

Shares of Barclays PLC (LON:BARC) opened at 199.35 on Thursday. Barclays PLC has a 12-month low of GBX 155.95 and a 12-month high of GBX 267.32. The company has a 50 day moving average price of GBX 206.37 and a 200 day moving average price of GBX 215.95. The firm’s market cap is GBX 34.00 billion.

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The business also recently announced a dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 10th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.48%.

In related news, insider Tim J. Breedon bought 3,224 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of GBX 202 ($2.63) per share, for a total transaction of £6,512.48 ($8,480.90).

About Barclays PLC

Analyst Recommendations for Barclays PLC (LON:BARC)

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