Barclays (LON:BARC) Given a GBX 160 Price Target by JPMorgan Chase & Co. Analysts
JPMorgan Chase & Co. set a GBX 160 ($1.97) price objective on Barclays (LON:BARC) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other research analysts have also recently issued reports on the company. Berenberg Bank reiterated a buy rating and issued a GBX 160 ($1.97) price objective on shares of Barclays in a research report on Thursday, July 2nd. Royal Bank of Canada reiterated a neutral rating and issued a GBX 110 ($1.35) price objective on shares of Barclays in a research report on Wednesday, June 3rd. Citigroup reiterated a neutral rating and issued a GBX 120 ($1.48) price objective on shares of Barclays in a research report on Tuesday, July 14th. Investec upgraded Barclays to a buy rating in a research report on Friday, July 10th. Finally, Deutsche Bank cut their price objective on Barclays from GBX 208 ($2.56) to GBX 135 ($1.66) and set a buy rating for the company in a research report on Tuesday, July 14th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 151.93 ($1.87).
Barclays stock opened at GBX 100.56 ($1.24) on Wednesday. Barclays has a 12 month low of GBX 1.13 ($0.01) and a 12 month high of GBX 192.99 ($2.37). The business has a 50 day simple moving average of GBX 115.10 and a 200-day simple moving average of GBX 124.69. The stock has a market capitalization of $17.44 billion and a PE ratio of 8.67.
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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