Barclays (LON:BARC) Reaches New 52-Week High at $224.30

Barclays PLC (LON:BARCGet Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 224.30 ($2.86) and last traded at GBX 223.30 ($2.85), with a volume of 377103594 shares changing hands. The stock had previously closed at GBX 220 ($2.81).

Analyst Ratings Changes

A number of brokerages have weighed in on BARC. Berenberg Bank reiterated a “buy” rating and set a GBX 280 ($3.58) price target on shares of Barclays in a report on Thursday, May 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a report on Tuesday, March 12th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 335 ($4.28) price target on shares of Barclays in a report on Tuesday, May 21st. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Finally, Royal Bank of Canada raised their target price on Barclays from GBX 230 ($2.94) to GBX 265 ($3.38) and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 265 ($3.38).

Read Our Latest Analysis on BARC

Barclays Stock Performance

The company has a market capitalization of £33.32 billion, a price-to-earnings ratio of 846.15, a P/E/G ratio of -1.09 and a beta of 1.35. The company has a 50 day moving average price of GBX 199.71 and a 200 day moving average price of GBX 169.23.

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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