Barclays (LON:BARC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Barclays PLC (LON:BARC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 340.12 ($4.54) and traded as high as GBX 384.60 ($5.14). Barclays shares last traded at GBX 382 ($5.10), with a volume of 112,943,516 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on BARC shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 380 price target on shares of Barclays in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Barclays from GBX 420 to GBX 500 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Royal Bank Of Canada increased their price objective on Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Citigroup lowered Barclays to a “neutral” rating and increased their price objective for the stock from GBX 360 to GBX 366 in a research report on Friday, July 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 424.33.

Barclays Stock Up 0.5%

The firm has a 50-day moving average price of GBX 375.09 and a 200 day moving average price of GBX 340.12. The firm has a market capitalization of £53.62 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities research analysts expect that Barclays PLC will post 39.1062802 earnings per share for the current year.

Insider Buying and Selling at Barclays

In other news, insider Anna Cross sold 753,438 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of GBX 373, for a total transaction of £2,810,323.74. Also, insider Dawn Fitzpatrick bought 2,999 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average price of GBX 371 per share, with a total value of £11,126.29. Over the last 90 days, insiders bought 26,377 shares of company stock valued at $9,785,867. Corporate insiders own 0.33% 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.