Barclays (LON:BARC) Stock Crosses Above 200-Day Moving Average – What’s Next?

Barclays PLC (LON:BARC)’s share price passed 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 trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on BARC. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Citigroup reissued a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 270 ($3.50) price objective on shares of Barclays in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 276 ($3.58).

Barclays Price Performance

The stock has a market cap of £34.91 billion, a price-to-earnings ratio of 925.38, a P/E/G ratio of 1.15 and a beta of 1.36. The stock’s 50-day moving average is GBX 229.56 and its 200 day moving average is GBX 219.79.

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 49,013 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total value of £108,318.73 ($140,473.00). In other news, insider Brian Gilvary sold 109,404 shares of the firm’s 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 transaction of £272,415.96 ($353,282.27). Also, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,473.00). 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.