Barclays PLC (BARC) Stock Rating Reaffirmed by J P Morgan Chase & Co

Barclays PLC (LON:BARC)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a report released on Wednesday. They presently have a GBX 240 ($3.17) price target on the financial services provider’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 29.73% from the stock’s current price.

Other equities analysts have also issued research reports about the company. UBS AG set a GBX 235 ($3.10) target price on Barclays PLC and gave the stock a “buy” rating in a research note on Friday, July 28th. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a research note on Thursday, October 26th. Citigroup Inc. decreased their target price on Barclays PLC from GBX 180 ($2.38) to GBX 160 ($2.11) and set a “neutral” rating on the stock in a research note on Thursday, July 20th. HSBC Holdings plc reissued a “buy” rating and set a GBX 250 ($3.30) target price on shares of Barclays PLC in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 180 ($2.38) target price on Barclays PLC and gave the stock a “sell” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Barclays PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 221.29 ($2.92).

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In other news, insider Tristram Roberts purchased 74,869 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average price of GBX 192 ($2.53) per share, for a total transaction of £143,748.48 ($189,691.84). Also, insider Ian Cheshire purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average price of GBX 183 ($2.41) per share, for a total transaction of £54,900 ($72,446.56). Insiders have purchased a total of 114,869 shares of company stock worth $21,784,848 in the last 90 days.

Barclays PLC Company Profile

Analyst Recommendations for Barclays PLC (LON:BARC)

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