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

Key Points

• Barclays PLC's shares recently surpassed their 200-day moving average, trading at GBX 360.81 ($4.83) with a volume of over 29 million shares.
• Several analysts have issued new price targets for Barclays, with a consensus target of GBX 409.33 and an average rating of "Moderate Buy," indicating overall positive market sentiment.
• Insider buying activity has been noted, with significant purchases made by John Kingman and Brian Shea, suggesting confidence in the company's future performance.

Barclays PLC (LON:BARC - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 320.67 ($4.31) and traded as high as GBX 369.80 ($4.97). Barclays shares last traded at GBX 360.81 ($4.85), with a volume of 29,687,324 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BARC. Royal Bank Of Canada lifted their price objective on shares of Barclays from GBX 355 to GBX 435 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Citigroup lowered shares of Barclays to a "neutral" rating and boosted their target price for the company from GBX 360 to GBX 366 in a research note on Friday, July 18th. Shore Capital boosted their target price on shares of Barclays from GBX 395 to GBX 410 and gave the company a "buy" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Finally, Jefferies Financial Group upped their price objective on shares of Barclays from GBX 405 to GBX 455 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Barclays presently has an average rating of "Moderate Buy" and an average price target of GBX 409.33.

Barclays Stock Down 2.5%

The stock has a market cap of £50.92 billion, a P/E ratio of 891.48, a PEG ratio of 1.15 and a beta of 1.36. The business has a 50-day simple moving average of GBX 357.63 and a 200-day simple moving average of GBX 321.37.

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

Insiders Place Their Bets

In other news, insider C.S. Venkatakrishnan bought 44,562 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of GBX 326 per share, for a total transaction of £145,272.12. Also, insider Brian Gilvary bought 4,640 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of GBX 371 per share, with a total value of £17,214.40. In the last ninety days, insiders acquired 98,837 shares of company stock valued at $33,407,827 and sold 789,945 shares valued at $292,933,656. Company insiders own 0.27% 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.