Barclays (LON:BARC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Barclays PLC (LON:BARC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 232.89 ($2.92) and traded as high as GBX 262.05 ($3.29). Barclays shares last traded at GBX 261.60 ($3.28), with a volume of 13,605,194 shares trading hands.

Wall Street Analyst Weigh In

BARC has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 350 ($4.39) target price on shares of Barclays in a research report on Wednesday, December 11th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Finally, Citigroup reiterated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 292 ($3.66).

Barclays Price Performance

The stock has a 50 day moving average price of GBX 255.66 and a 200-day moving average price of GBX 233.53. The stock has a market capitalization of £38.15 billion, a P/E ratio of 1,011.35, a PEG ratio of 1.15 and a beta of 1.36.

Insider Activity at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.12), for a total value of £272,415.96 ($341,501.77). Also, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.38), for a total transaction of £108,531.90 ($136,056.04). 1.47% of the stock is owned by company insiders.

About Barclays

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.