Barclays (LON:BARC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Barclays PLC (LON:BARC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 238.08 ($2.91) and traded as high as GBX 266.10 ($3.25). Barclays shares last traded at GBX 263.73 ($3.22), with a volume of 78,369,109 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BARC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 350 ($4.27) target price on shares of Barclays in a research note on Wednesday, December 11th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 292 ($3.57).

Barclays Stock Down 2.9 %

The stock’s fifty day moving average is GBX 261.98 and its two-hundred day moving average is GBX 238.43. The firm has a market capitalization of £37.44 billion, a price-to-earnings ratio of 992.50, a P/E/G ratio of 1.15 and a beta of 1.36.

Insider Activity at Barclays

In other Barclays news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.30), for a total value of £108,531.90 ($132,517.58). Also, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.04), for a total transaction of £272,415.96 ($332,620.22). 1.47% of the stock is owned by company 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.