Analysts are bullish on BarclaysAt present, the average analyst 12-month price target for Barclays is 560p. For example, earlier this month, analysts at Morgan Stanley set a target of 610p. This was illustrated in the Q2 earnings of US banks such as JP Morgan, Morgan Stanley, and Citi earlier this month. It's still quite low despite the fact that the bank's share price has surged over the last year. For reference, JP Morgan and Morgan Stanley are on 15.1 and 18, respectively, so there appears to be some value here on a relative basis.