Barclays (LON:BARC) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Barclays PLC's share price recently surpassed its 200-day moving average, reaching GBX 381 ($5.08), indicating potential bullish momentum in the stock.
• Analyst ratings are mixed, with JPMorgan upgrading their price target to GBX 500 while Citigroup downgraded to a "neutral" rating; the consensus reflects Moderate Buy status with an average target price of GBX 424.33.
• Insiders have actively purchased shares, with notable buys from Marc Moses and Robert Berry, totaling over £16,000, suggesting insider confidence in Barclays' performance.

Barclays PLC (LON:BARC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 336.73 ($4.49) and traded as high as GBX 381 ($5.08). Barclays shares last traded at GBX 381 ($5.08), with a volume of 25,905,510 shares traded.

Analyst Upgrades and Downgrades

BARC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 420 to GBX 500 and gave the stock an "overweight" rating in a research report on Tuesday, September 9th. Citigroup downgraded shares of Barclays to a "neutral" rating and upped their price objective for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. 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. Jefferies Financial Group upped their price target on shares of Barclays from GBX 405 to GBX 455 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada upped their price target on shares of Barclays from GBX 355 to GBX 435 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Barclays currently has an average rating of "Moderate Buy" and an average target price of GBX 424.33.

Barclays Trading Down 0.3%

The company has a market cap of £53.07 billion, a price-to-earnings ratio of 938.15, a P/E/G ratio of 1.15 and a beta of 1.36. The stock's fifty day simple moving average is GBX 374.82 and its 200 day simple moving average is GBX 336.73.

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

Insiders Place Their Bets

In other news, insider Marc Moses purchased 2,074 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average price of GBX 371 per share, with a total value of £7,694.54. Also, insider Robert Berry purchased 2,485 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of GBX 371 per share, with a total value of £9,219.35. Over the last 90 days, insiders have bought 26,377 shares of company stock worth $9,785,867. 0.33% of the stock is currently owned by company 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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