Barclays (LON:BARC) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Barclays PLC (LON:BARC - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 296.66 ($4.05) and traded as high as GBX 335.85 ($4.58). Barclays shares last traded at GBX 332.35 ($4.53), with a volume of 44,115,836 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BARC. JPMorgan Chase & Co. upped their target price on Barclays from GBX 370 ($5.05) to GBX 410 ($5.59) and gave the company a "top pick" rating in a research report on Tuesday, March 25th. Shore Capital reiterated a "buy" rating on shares of Barclays in a report on Wednesday, April 30th.

Barclays Trading Down 0.6%

The stock has a 50-day simple moving average of GBX 320.67 and a 200-day simple moving average of GBX 297.33. The company has a market cap of £47.45 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, research analysts expect that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

Insider Activity

In other news, insider C.S. Venkatakrishnan bought 44,562 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of GBX 326 ($4.45) per share, with a total value of £145,272.12 ($198,215.47). Also, insider Anna Cross bought 27,898 shares of Barclays stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of GBX 326 ($4.45) per share, with a total value of £90,947.48 ($124,092.62). Company insiders own 1.47% of the company's stock.

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.