Barclays (LON:BARC) Sets New 12-Month High - Still a Buy?

Shares of Barclays PLC (LON:BARC - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 262 ($3.37) and last traded at GBX 260.65 ($3.35), with a volume of 47158789 shares traded. The stock had previously closed at GBX 251.50 ($3.24).

Analyst Upgrades and Downgrades

BARC has been the topic of several research reports. Citigroup reaffirmed a "buy" rating on shares of Barclays in a research report on Monday, September 2nd. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 270 ($3.47) price target on shares of Barclays in a research report on Monday, September 9th. Finally, Shore Capital reissued 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, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 276 ($3.55).

Barclays Stock Performance

The firm has a market cap of £37.51 billion, a PE ratio of 995.19, a PEG ratio of 1.15 and a beta of 1.36. The stock's 50 day simple moving average is GBX 232.50 and its 200 day simple moving average is GBX 222.65.

Insider Activity

In other news, insider Anna Cross sold 49,013 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.84), for a total value of £108,318.73 ($139,388.41). In related news, insider Brian Gilvary sold 109,404 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.20), for a total transaction of £272,415.96 ($350,554.57). Also, insider Anna Cross sold 49,013 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.84), for a total transaction of £108,318.73 ($139,388.41). 1.47% of the stock is owned by corporate 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.