Insider Selling: Barclays PLC (LON:BARC) Insider Sells 49,013 Shares of Stock

Barclays PLC (LON:BARC) 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 ($2.92), for a total value of £108,318.73 ($143,089.47).

Barclays Stock Performance

LON:BARC opened at GBX 227.65 ($3.01) on Friday. Barclays PLC has a 52-week low of GBX 128.12 ($1.69) and a 52-week high of GBX 241.80 ($3.19). The firm has a market cap of £33.26 billion, a price-to-earnings ratio of 875.58, a PEG ratio of 1.05 and a beta of 1.36. The business’s fifty day moving average is GBX 224.28 and its 200 day moving average is GBX 208.20.

Barclays Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.24%. Barclays’s payout ratio is 3,076.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BARC shares. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Royal Bank of Canada dropped their price target on Barclays from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 270 ($3.57) price objective on shares of Barclays in a research note on Monday, September 9th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 276 ($3.65).

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.