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Barclays (LON:BARC) Reaches New 1-Year High - What's Next?

Barclays logo with Financial Services background

Barclays PLC (LON:BARC - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as GBX 269.60 ($3.44) and last traded at GBX 267.05 ($3.40), with a volume of 154817672 shares. The stock had previously closed at GBX 267.55 ($3.41).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BARC shares. Shore Capital restated a "buy" rating on shares of Barclays in a report on Thursday, October 24th. Citigroup reaffirmed a "buy" rating on shares of Barclays in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 270 ($3.44) target price on shares of Barclays in a research note on Monday, September 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 276 ($3.52).

View Our Latest Stock Analysis on Barclays

Barclays Stock Performance

The stock has a market capitalization of £38.42 billion, a PE ratio of 1,018.46, a P/E/G ratio of 1.15 and a beta of 1.36. The firm has a 50 day moving average of GBX 246.73 and a 200-day moving average of GBX 229.24.

Insiders Place Their Bets

In other news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.17), for a total transaction of £272,415.96 ($347,292.15). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.82), for a total transaction of £108,318.73 ($138,091.19). Company insiders own 1.47% of the company's stock.

Barclays Company Profile

(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.

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