Shares of Barclays PLC (LON:BARC - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 312.60 ($3.96) and last traded at GBX 310.30 ($3.93), with a volume of 254989500 shares. The stock had previously closed at GBX 308.20 ($3.91).
Specifically, insider Robert Berry bought 3,028 shares of the stock in a transaction on Friday, February 14th. The shares were purchased at an average price of GBX 294 ($3.73) per share, with a total value of £8,902.32 ($11,280.18).
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BARC. JPMorgan Chase & Co. raised their target price on Barclays from GBX 360 ($4.56) to GBX 370 ($4.69) and gave the company an "overweight" rating in a report on Tuesday. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a report on Thursday, January 30th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barclays presently has a consensus rating of "Buy" and an average target price of GBX 296 ($3.75).
Read Our Latest Stock Analysis on BARC
Barclays Stock Performance
The stock has a 50-day simple moving average of GBX 281.89 and a 200 day simple moving average of GBX 252.95. The company has a market cap of £43.66 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.15 and a beta of 1.36.
Barclays (LON:BARC - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Sell-side analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.
About Barclays
(
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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