Barclays PLC (LON:BARC - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 289.75 ($3.94) and traded as high as GBX 326.55 ($4.45). Barclays shares last traded at GBX 323 ($4.40), with a volume of 48,048,875 shares trading hands.
Analyst Ratings Changes
Several research firms recently issued reports on BARC. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 350 ($4.77) price target on shares of Barclays in a research report on Monday, February 24th. Citigroup upped their price objective on Barclays from GBX 320 ($4.36) to GBX 350 ($4.77) and gave the company a "buy" rating in a research note on Thursday, March 6th. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on Barclays from GBX 370 ($5.04) to GBX 410 ($5.58) and gave the company a "top pick" rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 340 ($4.63).
Read Our Latest Report on Barclays
Barclays Price Performance
The stock has a market capitalization of £46.51 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company's 50-day simple moving average is GBX 300.58 and its 200-day simple moving average is GBX 289.75.
Barclays (LON:BARC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider C.S. Venkatakrishnan sold 185,862 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.98), for a total transaction of £542,717.04 ($738,893.18). Corporate insiders own 1.47% of the company's stock.
Barclays Company Profile
(
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.
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