Barclays (LON:BARC) Sets New 1-Year High - Here's What Happened

Barclays PLC (LON:BARC - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 269.65 ($3.44) and last traded at GBX 268.35 ($3.42), with a volume of 127611250 shares trading hands. The stock had previously closed at GBX 266.65 ($3.40).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BARC. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 350 ($4.46) price objective on shares of Barclays in a report on Wednesday. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a report on Thursday, October 24th. Finally, Citigroup reissued a "buy" rating on shares of Barclays in a research note on Monday, September 2nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 292 ($3.72).

Barclays Trading Up 2.0 %

The stock has a market cap of £39.47 billion, a price-to-earnings ratio of 1,034.81, a P/E/G ratio of 1.15 and a beta of 1.36. The firm has a fifty day simple moving average of GBX 249.41 and a 200-day simple moving average of GBX 230.41.

Insider Transactions at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.18), for a total transaction of £272,415.96 ($347,513.66). Also, insider Anna Cross sold 49,013 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.82), for a total transaction of £108,318.73 ($138,179.27). 1.47% of the stock is currently owned by corporate insiders.

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.