Barclays PLC’s (BARC) Overweight Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co reiterated their overweight rating on shares of Barclays PLC (LON:BARC) in a research report report published on Wednesday. They currently have a GBX 240 ($3.17) price target on the financial services provider’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank AG dropped their price target on shares of Barclays PLC from GBX 230 ($3.04) to GBX 229 ($3.02) and set a buy rating on the stock in a research report on Monday, July 31st. Investec restated a buy rating and set a GBX 245 ($3.23) price target on shares of Barclays PLC in a research report on Friday, July 28th. UBS AG set a GBX 235 ($3.10) price target on shares of Barclays PLC and gave the company a buy rating in a research report on Friday, July 28th. Shore Capital restated a buy rating on shares of Barclays PLC in a research report on Friday, July 28th. Finally, Morgan Stanley set a GBX 250 ($3.30) price target on shares of Barclays PLC and gave the company a buy rating in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 221.29 ($2.92).

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

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