Barclays PLC (LON:BARC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 268.51 ($3.46) and traded as high as GBX 296 ($3.82). Barclays shares last traded at GBX 294.07 ($3.79), with a volume of 44,752,203 shares changing hands.
Analyst Ratings Changes
BARC has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Barclays from GBX 370 ($4.77) to GBX 410 ($5.28) and gave the company a "top pick" rating in a research note on Tuesday, March 25th. Shore Capital restated a "buy" rating on shares of Barclays in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 350 ($4.51) price objective on shares of Barclays in a report on Monday, February 24th. Finally, Citigroup increased their target price on Barclays from GBX 320 ($4.12) to GBX 350 ($4.51) and gave the company a "buy" rating in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Barclays presently has an average rating of "Buy" and an average target price of GBX 317.14 ($4.09).
Get Our Latest Research Report on Barclays
Barclays Stock Down 7.7 %
The stock has a market capitalization of £35.90 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company has a fifty day simple moving average of GBX 297.55 and a two-hundred day simple moving average of GBX 269.55.
Barclays (LON:BARC - Get Free Report) last released its quarterly 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%. As a group, equities analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current year.
Insider Activity at Barclays
In related news, insider Robert Berry bought 3,028 shares of the business's stock in a transaction dated Friday, February 14th. The stock was bought at an average price of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,475.02). Also, insider C.S. Venkatakrishnan sold 185,862 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.76), for a total transaction of £542,717.04 ($699,557.93). 1.47% of the stock is owned by company insiders.
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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