Barclays PLC (LON:BARC – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 430.43 and traded as high as GBX 437. Barclays shares last traded at GBX 429.84, with a volume of 28,570,539 shares changing hands.
Barclays News Roundup
Here are the key news stories impacting Barclays this week:
- Positive Sentiment: JetBlue is rebranding its premium credit card with Barclays — a consumer banking/credit-card partnership that can support net interest and fee income over time. JetBlue Is Rebranding Its Premium Credit Card With Barclays—Here’s What’s Changing
- Positive Sentiment: Goldman Sachs reiterated a Buy on Barclays, citing resilient returns, capital strength and an attractive entry point — third‑party analyst support can help limit downside in the stock. Barclays: Resilient Returns, Capital Strength…
- Positive Sentiment: Barclays’ research team upgraded Marvell (MRVL) to Overweight and set a higher target, underlining the bank’s strong equity research franchise and potential trading/IB fee flow tied to AI chip demand. Barclays Just Raised Marvell to Overweight
- Neutral Sentiment: Barclays is sounding out investors for a Shutterfly refinancing deal — an advisory/arranging role that would generate fees if completed, but it also exposes the bank to execution/timing risk. Barclays Sounds Out Investors for a Shutterfly Refinancing Deal
- Neutral Sentiment: Barclays flagged that delays restoring flows through the Strait of Hormuz could push Brent oil above its $85/b forecast — this is macro research that may influence markets but has indirect impact on Barclays’ near‑term earnings. Barclays: Delay in Hormuz flow recovery poses upside risks
- Negative Sentiment: Barclays initiated/ reiterated bearish coverage on some high‑volatility names (e.g., downgrading Coinbase to Sell/Underweight), reflecting caution on trading volumes and crypto market weakness — weaker trading desks and lower client activity can pressure bank revenues. Barclays Downgrades Coinbase Global Stock (COIN) to Sell
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Barclays from GBX 480 to GBX 570 and gave the company a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on Barclays from GBX 500 to GBX 570 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Citigroup reduced their price target on Barclays from GBX 495 to GBX 450 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 495.
Barclays Stock Up 0.6%
The firm has a fifty day moving average price of GBX 433.07 and a two-hundred day moving average price of GBX 430.43. The stock has a market capitalization of £59.79 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.15 and a beta of 0.86.
Barclays (LON:BARC – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported GBX 24.70 earnings per share for the quarter. Barclays had a return on equity of 9.41% and a net margin of 17.82%.The firm had revenue of GBX 1,489.60 billion during the quarter. Sell-side analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.
Insider Activity
In other Barclays news, insider Dawn Fitzpatrick acquired 2,111 shares of Barclays stock in a transaction that occurred on Wednesday, February 11th. The stock was bought at an average cost of GBX 481 per share, for a total transaction of £10,153.91. Also, insider Nigel Higgins acquired 6,769 shares of Barclays stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average price of GBX 481 per share, with a total value of £32,558.89. Over the last three months, insiders purchased 27,452 shares of company stock valued at $13,204,412. 0.27% of the stock is currently owned by insiders.
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.
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