Barclays (LON:BARC) Insider Sells £2,404,873.48 in Stock

Barclays PLC (LON:BARCGet Free Report) insider Anna Cross sold 461,588 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of GBX 521, for a total value of £2,404,873.48.

Barclays Price Performance

Shares of Barclays stock opened at GBX 523.30 on Monday. The stock has a market cap of £70.58 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.88. The firm has a fifty day moving average price of GBX 502.05 and a 200 day moving average price of GBX 460.89. Barclays PLC has a 1 year low of GBX 352.85 and a 1 year high of GBX 538.30.

Barclays (LON:BARCGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported GBX 30.70 EPS for the quarter. Barclays had a net margin of 25.61% and a return on equity of 10.11%. As a group, equities analysts expect that Barclays PLC will post 39.1062802 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BARC. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. Citigroup boosted their price target on shares of Barclays from GBX 505 to GBX 510 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Berenberg Bank restated a “buy” rating and set a GBX 620 price objective on shares of Barclays in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 590 price objective on shares of Barclays in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their target price on shares of Barclays from GBX 575 to GBX 550 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 575.

Check Out Our Latest Stock Analysis on BARC

More Barclays News

Here are the key news stories impacting Barclays this week:

  • Positive Sentiment: Barclays acted as a joint book-running manager on Athene Holding’s planned $1 billion senior-notes offering. The mandate supports Barclays’ investment-banking activity, although the direct financial contribution was not disclosed. Athene senior notes offering
  • Neutral Sentiment: Former Barclays banker Jessel Sheth is joining Lazard to expand its European technology advisory business. The move highlights competition for experienced banking talent but does not indicate a change to Barclays’ earnings outlook. Lazard hires Barclays veteran
  • Neutral Sentiment: Recent Barclays-related headlines include a customer account-change warning ahead of an August deadline and reports of a legal dispute involving funds connected with a collapsed shadow bank. The available reports provide no quantified financial impact, making these developments more notable for headline and reputational risk than for near-term valuation. Barclays customer account warning Barclays legal dispute
  • Negative Sentiment: Group Finance Director Anna Cross sold 461,588 Barclays shares at an average of GBX 521, worth approximately £2.4 million. The transaction may weigh on sentiment because it represents selling by a senior finance executive, although insider sales can also reflect personal financial planning and do not necessarily signal weaker fundamentals. Barclays director share disposal

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. 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.

Further Reading

Insider Buying and Selling by Quarter for Barclays (LON:BARC)

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