Barclays (LON:BARC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Barclays PLC (LON:BARC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 414.99 and traded as high as GBX 482.07. Barclays shares last traded at GBX 479.10, with a volume of 18,771,959 shares trading hands.

Analyst Ratings Changes

BARC has been the topic of several analyst reports. Citigroup boosted their price target on shares of Barclays from GBX 440 to GBX 475 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Shore Capital Group reissued a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Jefferies Financial Group increased their price target on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Barclays from GBX 480 to GBX 570 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their target price on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Barclays currently has an average rating of “Moderate Buy” and an average price target of GBX 499.17.

Barclays Stock Up 1.6%

The company’s fifty day simple moving average is GBX 471.75 and its two-hundred day simple moving average is GBX 414.99. The company has a market capitalization of £67.13 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its quarterly earnings data on Tuesday, December 16th. The financial services provider reported GBX 24.70 EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Equities research analysts expect that Barclays PLC will post 39.1062802 earnings per share for the current year.

About Barclays

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.