Barclays (LON:BARC) Hits New 52-Week High – Here’s What Happened

Barclays PLC (LON:BARC) shares hit a new 52-week high on Thursday . The company traded as high as GBX 300.85 ($3.76) and last traded at GBX 300.10 ($3.75), with a volume of 198447234 shares changing hands. The stock had previously closed at GBX 295.30 ($3.69).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BARC shares. JPMorgan Chase & Co. increased their price objective on shares of Barclays from GBX 350 ($4.38) to GBX 360 ($4.50) and gave the stock an “overweight” rating in a research report on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 294 ($3.68).

Barclays Trading Up 2.0 %

The company has a market capitalization of £43.71 billion, a price-to-earnings ratio of 1,158.65, a P/E/G ratio of 1.15 and a beta of 1.36. The stock’s 50 day moving average price is GBX 272.70 and its 200 day moving average price is GBX 247.

Insider Activity at Barclays

In other news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.38), for a total transaction of £108,531.90 ($135,681.84). Insiders own 1.47% of the company’s stock.

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.