Shares of Barclays PLC (LON:BARC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 462.62 and traded as high as GBX 507.40. Barclays shares last traded at GBX 496.10, with a volume of 25,722,373 shares changing hands.
Barclays News Roundup
Here are the key news stories impacting Barclays this week:
- Positive Sentiment: Barclays appointed Mike Joo and Adeel Khan as co-CEOs of its investment bank. The leadership change could support continuity and execution in a strategically important division, although the announcement does not include new financial targets. Barclays names Mike Joo and Adeel Khan investment bank co-CEOs
- Neutral Sentiment: Chief Executive C.S. Venkatakrishnan disclosed the transfer of more than 200,000 Barclays shares to charitable causes. Because the transaction is a charitable gift rather than an open-market disposal, it is unlikely to have a meaningful effect on Barclays’ fundamentals or valuation. Barclays CEO Gifts Over 200,000 Shares to Charitable Causes
- Neutral Sentiment: Barclays provided a new £33 million loan facility to Winvia Entertainment as part of the company’s refinancing. The deal demonstrates ongoing corporate-lending activity, but its size is small relative to Barclays’ balance sheet and is unlikely to move the stock. Winvia Entertainment Secures New Barclays Loan to Drive Prize Draw Growth
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Shore Capital Group reaffirmed a "buy" rating on shares of Barclays in a report on Tuesday, April 28th. Citigroup boosted their price objective on Barclays from GBX 505 to GBX 510 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Barclays from GBX 600 to GBX 610 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a GBX 590 target price on shares of Barclays in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 550 target price on shares of Barclays in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Barclays has a consensus rating of "Moderate Buy" and an average price target of GBX 575.
Get Our Latest Analysis on Barclays
Barclays Trading Down 1.5%
The company's fifty day simple moving average is GBX 510.95 and its 200 day simple moving average is GBX 462.62. The stock has a market capitalization of £66.91 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.15 and a beta of 0.88.
Barclays (LON:BARC - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 earnings per share for the quarter. Barclays had a net margin of 25.61% and a return on equity of 10.11%. Equities research analysts predict that Barclays PLC will post 39.1062802 earnings per share for the current year.
Insider Buying and Selling at Barclays
In other Barclays news, insider Anna Cross sold 461,588 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of GBX 521, for a total value of £2,404,873.48. Also, insider Brian Gilvary purchased 3,640 shares of the stock in a transaction on Tuesday, July 28th. The stock was acquired at an average cost of GBX 497 per share, for a total transaction of £18,090.80. Insiders bought 27,498 shares of company stock valued at $13,666,506 over the last 90 days. Insiders own 0.35% of the company's stock.
About Barclays
(
Get Free Report)
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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Barclays, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barclays wasn't on the list.
While Barclays currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
