Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Barclays shares crossed above their 200-day moving average, reaching GBX 502.60 and last trading at GBX 494.75 versus the GBX 462.89 average, on volume of about 18.4 million shares.
• Analysts remain broadly positive: six rate Barclays a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 575.
• Barclays reported quarterly EPS of GBX 30.70, with a 25.61% net margin and 10.11% return on equity; insiders also purchased 27,498 shares over the past quarter.

Shares of Barclays PLC (LON:BARC - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 462.89 and traded as high as GBX 502.60. Barclays shares last traded at GBX 494.75, with a volume of 18,391,555 shares.

Trending Headlines about Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays’ research indicates that extreme heat is changing spending patterns among U.K. consumers and businesses. While this highlights the bank’s economic research capabilities, it is not a direct earnings catalyst. Heat altering the behavior of U.K. businesses and consumers, says Barclays
• Neutral Sentiment: A Barclays medium-term note is listed in the bond market. The entry provides no indication of a change in Barclays’ credit outlook or balance-sheet condition and is therefore unlikely to materially affect the equity. Barclays Bank medium-term note
• Neutral Sentiment: Barclays strategists said equities are entering a critical phase ahead of Nvidia’s results and the Jackson Hole symposium. The comments point to heightened market volatility and event risk but do not represent a change to Barclays PLC’s own outlook. Equities in a critical phase ahead of Nvidia earnings and Jackson Hole
• Negative Sentiment: Former Barclays CEO Jes Staley testified before Congress regarding Jeffrey Epstein’s abuse. Although the testimony concerns events from his past tenure and no new Barclays financial liability was reported, renewed attention could create reputational overhang for the bank. Jes Staley told Congress it was incredible Epstein’s abuse continued after jail
• Negative Sentiment: Barclays reportedly warned that the rapid expansion of artificial-intelligence infrastructure could create market risks ahead of the U.S. midterm elections. Such caution may weigh modestly on risk appetite and financial-market activity, though it is not specific to Barclays’ operations. Barclays reportedly flags market risks from rapid AI buildout

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BARC shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 550 price objective on shares of Barclays in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 590 target price on shares of Barclays in a research report on Wednesday, July 29th. Berenberg Bank reissued a "buy" rating and set a GBX 620 target price on shares of Barclays in a research note on Wednesday, July 29th. Citigroup lifted their target price on Barclays from GBX 505 to GBX 510 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 570 price target on shares of Barclays in a report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 575.

Barclays Stock Down 1.0%

The company has a market capitalization of £66.73 billion, a PE ratio of 10.24, a PEG ratio of 1.15 and a beta of 0.88. The company's 50 day moving average is GBX 512.58 and its two-hundred day moving average is GBX 462.89.

Barclays (LON:BARC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 earnings per share (EPS) for the quarter. Barclays had a net margin of 25.61% and a return on equity of 10.11%. Analysts forecast that Barclays PLC will post 39.1062802 EPS for the current year.

Insider Activity

In other news, insider Brian Gilvary bought 3,640 shares of Barclays stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average cost of GBX 497 per share, with a total value of £18,090.80. Also, insider Brian Shea bought 2,393 shares of Barclays stock in a transaction dated Tuesday, July 28th. The stock was purchased at an average cost of GBX 497 per share, for a total transaction of £11,893.21. Over the last quarter, insiders have bought 27,498 shares of company stock valued at $13,666,506. 0.35% of the stock is owned by corporate 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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.

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