Insider Selling: Barclays (LON:BARC) Insider Sells 753,438 Shares of Stock

Key Points

• Anna Cross, an insider at Barclays, sold 753,438 shares of the company's stock on August 15th for approximately £2.81 million.
• Barclays stock recorded an average share price of GBX 373 during this transaction and has fluctuated between a 12-month low of GBX 213.90 and a high of GBX 379.32.
• Analysts currently rate Barclays with a consensus of "Moderate Buy" and have set a target price averaging GBX 400.20, with several brokerages issuing new buy ratings.

Barclays PLC (LON:BARC - Get Free Report) insider Anna Cross sold 753,438 shares of Barclays stock in a transaction dated Friday, August 15th. The stock was sold at an average price of GBX 373, for a total value of £2,810,323.74.

Anna Cross also recently made the following trade(s):

• On Friday, June 20th, Anna Cross purchased 27,898 shares of Barclays stock. The stock was bought at an average cost of GBX 326 per share, with a total value of £90,947.48.
• On Friday, June 20th, Anna Cross sold 13,112 shares of Barclays stock. The stock was sold at an average price of GBX 326, for a total transaction of £42,745.12.

Barclays Stock Performance

Shares of LON:BARC traded up GBX 2.50 on Friday, hitting GBX 376.45. 23,696,184 shares of the company were exchanged, compared to its average volume of 45,978,164. The company's 50 day moving average price is GBX 350.08 and its two-hundred day moving average price is GBX 317.42. The firm has a market capitalization of £54.05 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.15 and a beta of 1.36. Barclays PLC has a one year low of GBX 213.90 and a one year high of GBX 379.32.

Barclays (LON:BARC - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Research analysts predict that Barclays PLC will post 39.1062802 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Citigroup lowered shares of Barclays to a "neutral" rating and raised their price objective for the stock from GBX 360 to GBX 366 in a report on Friday, July 18th. Royal Bank Of Canada boosted their target price on Barclays from GBX 355 to GBX 435 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 380 price target on shares of Barclays in a research report on Wednesday, July 30th. Finally, Shore Capital lifted their price objective on Barclays from GBX 395 to GBX 410 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Barclays presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 400.20.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.