Barclays (LON:BARC) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Barclays PLC's share price has risen above its 200-day moving average, reaching GBX 385.45 ($5.20) during trading.
• Analysts have recently upgraded Barclays, with Royal Bank Of Canada raising the price target from GBX 355 to GBX 435 and JPMorgan Chase increasing theirs from GBX 420 to GBX 500.
• Insider trading activity includes the sale of 753,438 shares by insider Anna Cross, valued at over £2.8 million, while Brian Gilvary purchased 4,640 shares at an average of GBX 371.

Barclays PLC (LON:BARC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 333.86 ($4.50) and traded as high as GBX 385.45 ($5.20). Barclays shares last traded at GBX 380.95 ($5.14), with a volume of 28,618,684 shares.

Analyst Upgrades and Downgrades

BARC has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on Barclays from GBX 355 to GBX 435 and gave the company an "outperform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on Barclays from GBX 420 to GBX 500 and gave the company an "overweight" rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 380 price target on shares of Barclays in a research note on Wednesday, July 30th. Shore Capital upped their price objective on Barclays from GBX 395 to GBX 410 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Citigroup lowered shares of Barclays to a "neutral" rating and raised their price objective for the company from GBX 360 to GBX 366 in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 424.33.

Barclays Stock Performance

The company has a fifty day simple moving average of GBX 373.49 and a 200 day simple moving average of GBX 333.86. The stock has a market capitalization of £53.16 billion, a price-to-earnings ratio of 939.75, a P/E/G ratio of 1.15 and a beta of 1.36.

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

Insider Activity

In other news, insider Anna Cross sold 753,438 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of GBX 373, for a total transaction of £2,810,323.74. Also, insider Brian Gilvary bought 4,640 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average cost of GBX 371 per share, with a total value of £17,214.40. In the last quarter, insiders have purchased 26,377 shares of company stock worth $9,785,867. 0.33% of the stock is owned by insiders.

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.

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