Barclays (LON:BARC) Stock Passes Above Two Hundred Day Moving Average of $177.44

Barclays PLC (LON:BARC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 177.44 ($2.25) and traded as high as GBX 207.92 ($2.64). Barclays shares last traded at GBX 205.85 ($2.61), with a volume of 45,640,337 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on BARC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 ($3.55) price objective on shares of Barclays in a research report on Thursday, May 16th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Peel Hunt initiated coverage on Barclays in a research report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.11) price target on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 335 ($4.25) price target on shares of Barclays in a research report on Tuesday, May 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 262 ($3.32).

Barclays Price Performance

The business has a fifty day moving average price of GBX 209.51 and a two-hundred day moving average price of GBX 178.32. The firm has a market capitalization of £31.23 billion, a price-to-earnings ratio of 803.46, a price-to-earnings-growth ratio of -1.09 and a beta of 1.35.

Insider Activity

In related news, insider Anna Cross sold 53,422 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.58), for a total transaction of £108,446.66 ($137,570.29). Corporate insiders own 1.43% of the company’s stock.

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.