Barclays (LON:BARC) Hits New 1-Year High – Should You Buy?

Barclays PLC (LON:BARC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 264.80 ($3.33) and last traded at GBX 260.40 ($3.28), with a volume of 300372313 shares changing hands. The stock had previously closed at GBX 262.65 ($3.31).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 270 ($3.40) price objective on shares of Barclays in a research note on Monday, September 9th. Citigroup restated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 276 ($3.47).

Barclays Stock Performance

The company’s 50-day simple moving average is GBX 237.62 and its 200 day simple moving average is GBX 225.23. The company has a market cap of £36.76 billion, a PE ratio of 999.81, a PEG ratio of 1.15 and a beta of 1.36.

Insider Buying and Selling

In related news, insider Anna Cross sold 49,013 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.78), for a total value of £108,318.73 ($136,370.05). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.13), for a total value of £272,415.96 ($342,963.57). 1.47% of the stock is currently owned by corporate insiders.

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.