Barclays (LON:BARC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Barclays PLC (LON:BARC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 422.44 and traded as high as GBX 480.80. Barclays shares last traded at GBX 463, with a volume of 51,833,332 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BARC shares. Jefferies Financial Group raised their target price on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Barclays from GBX 500 to GBX 570 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Barclays from GBX 480 to GBX 570 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Citigroup raised their target price on shares of Barclays from GBX 440 to GBX 475 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Five equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 499.17.

Barclays Stock Down 1.4%

The stock has a market capitalization of £62.96 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s fifty day simple moving average is GBX 477.49 and its 200 day simple moving average is GBX 422.44.

Barclays (LON:BARC) last posted its earnings results on Thursday, February 12th. The financial services provider reported GBX 8.60 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. As a group, analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current year.

Insider Activity at Barclays

In other news, insider Mary Mack bought 1,802 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of GBX 481 per share, with a total value of £8,667.62. Also, insider Nigel Higgins bought 6,769 shares of the stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average price of GBX 481 per share, for a total transaction of £32,558.89. Over the last quarter, insiders have purchased 27,452 shares of company stock valued at $13,204,412. Insiders own 0.34% 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. 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.