Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Barclays PLC (LON:BARC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 219.51 ($2.85) and traded as high as GBX 242.15 ($3.14). Barclays shares last traded at GBX 240.60 ($3.12), with a volume of 31,043,445 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on BARC. Citigroup reaffirmed a "buy" rating on shares of Barclays in a research report on Monday, September 2nd. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 270 ($3.50) 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 report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barclays currently has a consensus rating of "Buy" and a consensus price target of GBX 276 ($3.58).

Barclays Stock Performance

The stock has a market capitalization of £34.91 billion, a price-to-earnings ratio of 925.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a fifty day simple moving average of GBX 229.56 and a 200 day simple moving average of GBX 219.79.

Insider Activity at Barclays

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 ($3.23), for a total value of £272,415.96 ($353,282.27). In related news, insider Anna Cross sold 49,013 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,473.00). Also, insider Brian Gilvary sold 109,404 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.23), for a total transaction of £272,415.96 ($353,282.27). 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.