Barclays (LON:BARC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Barclays PLC (LON:BARC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 333.86 ($4.50) and traded as high as GBX 385.45 ($5.20). Barclays shares last traded at GBX 380.95 ($5.14), with a volume of 28,618,684 shares traded.

Wall Street Analysts Forecast Growth

BARC has been the subject of a number of research analyst reports. Citigroup lowered Barclays to a “neutral” rating and boosted their target price for the company from GBX 360 to GBX 366 in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 380 price objective on shares of Barclays in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Barclays from GBX 420 to GBX 500 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada increased their target price on Barclays from GBX 355 to GBX 435 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Shore Capital boosted their price target on shares of Barclays from GBX 395 to GBX 410 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 424.33.

Barclays Trading Down 0.1%

The stock has a market capitalization of £53.16 billion, a P/E ratio of 939.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a fifty day simple moving average of GBX 373.49 and a 200 day simple moving average of GBX 333.86.

Barclays (LON:BARC) last announced its earnings results on Tuesday, July 29th. The financial services provider reported GBX 11.70 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, research analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In related news, insider Anna Cross sold 753,438 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of GBX 373, for a total transaction of £2,810,323.74. Also, insider Robert Berry purchased 2,485 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of GBX 371 per share, for a total transaction of £9,219.35. Over the last 90 days, insiders have purchased 26,377 shares of company stock worth $9,785,867. 0.33% of the stock is owned by 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.