Barclays (LON:BARC) Sets New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Barclays PLC (LON:BARC – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 262 ($3.37) and last traded at GBX 260.65 ($3.35), with a volume of 47158789 shares trading hands. The stock had previously closed at GBX 251.50 ($3.24).

Analyst Upgrades and Downgrades

Several analysts have commented on BARC shares. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Citigroup reiterated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.47) price objective on shares of Barclays in a research note on Monday, September 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 276 ($3.55).

View Our Latest Research Report on Barclays

Barclays Price Performance

The firm has a market capitalization of £37.44 billion, a PE ratio of 997.12, a P/E/G ratio of 1.15 and a beta of 1.36. The business has a 50-day simple moving average of GBX 233.19 and a 200-day simple moving average of GBX 223.03.

Insider Buying and Selling

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 ($2.84), for a total transaction of £108,318.73 ($139,388.41). In related news, insider Anna Cross sold 49,013 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.84), for a total transaction of £108,318.73 ($139,388.41). Also, insider Brian Gilvary sold 109,404 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.20), for a total value of £272,415.96 ($350,554.57). 1.47% of the stock is owned by corporate 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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