Barclays (LON:BARC) Shareholders Are Liking The News That JP Morgan Cazenove Has Reiterated Their Overweight Rating on the Stock

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Barclays (LON:BARC) Rating Reaffirmed

In a recent report sent to investors on 2 December, Barclays (LON:BARC) shares had their Overweight Rating reaffirmed by research analysts at JP Morgan Cazenove.

From a total of 23 analysts covering Barclays PLC (LON:BARC) stock, 18 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is GBX 357 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 295.3 with a 24.09% above today’s (GBX 234.75) stock price. Barclays PLC was the topic of 87 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 2 with “Buy” rating. Berenberg maintained shares with “Sell” rating and GBX 200 target share price in a report from a November 25. Investec maintained BARC stock in a recent report from November 30 with “Buy” rating. J.P. Morgan maintained the rating on November 24. J.P. Morgan has a “Overweight” rating and a GBX 300 price target on shares. Finally, BNP Paribas maintained the stock with “Underperform” rating in a report issued on a November 25.

The stock increased 0.54% or GBX 1.25 on December 2, striking GBX 234.75. Approximately 31.85 million shares of stock traded hands. Barclays PLC (LON:BARC) has declined 6.67% since May 5, 2015 and is downtrending. It has underperformed by 6.47% the S&P500.

Barclays (LON:BARC) Shareholders Are Liking The News That JP Morgan Cazenove Has Reiterated Their Overweight Rating on the Stock

Barclays PLC is a global financial services holding company. The company has a market cap of 40.08 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 134.84 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.

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