Barclays PLC (LON:BARC): JP Morgan Cazenove Reconfirms Overweight Rating Today, Has a Target of GBX 240.00/Share

November 14, 2017 - By Winifred Garcia

Barclays PLC (LON:BARC) Rating Reaffirmed

London: In a note revealed to investors and clients on Tuesday, 19 September, JP Morgan Cazenove reconfirmed their Overweight rating on Barclays PLC (LON:BARC) shares. They now have a GBX 240.00 target price per share on the company. JP Morgan Cazenove’s target indicates a potential upside of 25.98 % from the company’s previous close.

Barclays PLC (LON:BARC) Ratings Coverage

Among 28 analysts covering Barclays PLC (LON:BARC), 18 have Buy rating, 3 Sell and 7 Hold. Therefore 64% are positive. Barclays PLC has GBX 580 highest and GBX 115 lowest target. GBX 229.85’s average target is 27.25% above currents GBX 180.63 stock price. Barclays PLC had 335 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Thursday, March 30 by JP Morgan. The company was maintained on Wednesday, November 8 by HSBC. The stock of Barclays PLC (LON:BARC) earned “Buy” rating by Deutsche Bank on Monday, October 23. The rating was maintained by Jefferies with “Hold” on Thursday, February 23. As per Thursday, November 24, the company rating was maintained by Deutsche Bank. BNP Paribas maintained the shares of BARC in report on Wednesday, January 13 with “Underperform” rating. UBS maintained the stock with “Buy” rating in Tuesday, January 26 report. BNP Paribas maintained Barclays PLC (LON:BARC) rating on Monday, May 9. BNP Paribas has “Underperform” rating and GBX 170 target. On Wednesday, October 7 the stock rating was maintained by Deutsche Bank with “Buy”. BNP Paribas maintained the shares of BARC in report on Thursday, March 16 with “Neutral” rating.

The stock increased 0.97% or GBX 1.73 on November 14, reaching GBX 180.63. About 52.66 million shares traded or 6.26% up from the average. Barclays PLC (LON:BARC) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Barclays PLC, is a global financial services holding company. The company has market cap of 30.79 billion GBP. The Firm is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. It has a 15.83 P/E ratio. The Company’s divisions include Barclays UK and Barclays International.

More notable recent Barclays PLC (LON:BARC) news were published by: Bloomberg.com which released: “Barclays Plunges as Trading Declines, Adding Pressure on CEO” on October 26, 2017, also Reuters.com with their article: “Uber and Barclays team up to compete in US card rewards war” published on October 25, 2017, Bloomberg.com published: “Barclays Fine Slashed in US Settlement on Power Manipulation” on November 08, 2017. More interesting news about Barclays PLC (LON:BARC) were released by: Mining.com and their article: “Hedge fund sues Barclays Bank for £650M over alleged copper market rigging” published on October 23, 2017 as well as Bloomberg.com‘s news article titled: “Barclays Sued by Fund for $850 Million in Metal Market Abuse” with publication date: October 19, 2017.

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