Barclays (LON:BARC) Sets New 52-Week High – What’s Next?

Barclays PLC (LON:BARC) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 309.10 ($3.85) and last traded at GBX 309 ($3.85), with a volume of 129338336 shares. The stock had previously closed at GBX 306.45 ($3.82).

Wall Street Analysts Forecast Growth

BARC has been the topic of several analyst reports. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the company an “overweight” rating in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 294 ($3.66).

Barclays Trading Up 1.1 %

The firm has a market cap of £44.94 billion, a P/E ratio of 1,191.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The firm’s 50 day moving average is GBX 275.93 and its two-hundred day moving average is GBX 249.03.

Insider Transactions at Barclays

In other Barclays news, insider Anna Cross sold 40,197 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.36), for a total value of £108,531.90 ($135,141.20). Insiders own 1.47% of the company’s stock.

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.