Barclays (LON:BARC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Barclays PLC (LON:BARCGet 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:

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.

Check Out Our Latest Report on BARC

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:BARCGet 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

(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.

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