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

Barclays PLC (LON:BARC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 443.83 and traded as high as GBX 466.95. Barclays shares last traded at GBX 461.01, with a volume of 27,624,750 shares trading hands.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays removed the monthly fee on its DIY/self-directed investing platform, a move that could improve competitiveness, attract more retail investors, and support growth in its investment business. Barclays removes account fees on its DIY investing platform – but is it as cheap as it looks?
• Positive Sentiment: Barclays also announced it will give about 20,000 UK employees a 5.35% pay rise, signaling labor retention and operational stability, though the earnings impact is likely limited. Barclays to give around 20,000 UK staff a 5.35% pay rise
• Neutral Sentiment: Barclays’ market commentary on tech-sector hedging and its analyst coverage of names like IBM and AMD keeps the bank visible, but these notes are not a direct catalyst for BARC shares. Barclays traders say it’s time to buy protection for a tech-led S&P 500 pullback

Analyst Ratings Changes

Several analysts have recently weighed in on BARC shares. Jefferies Financial Group lifted their price objective on shares of Barclays from GBX 570 to GBX 590 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upgraded shares of Barclays to an “outperform” rating and lifted their price objective for the company from GBX 550 to GBX 575 in a research note on Wednesday, April 29th. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th. Finally, Citigroup lifted their price objective on shares of Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 527.50.

Barclays Stock Performance

The firm’s 50 day moving average price is GBX 430.25 and its two-hundred day moving average price is GBX 443.83. The company has a market cap of £62.66 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Barclays (LON:BARC) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share for the quarter. The company had revenue of GBX 816.30 billion during the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. As a group, analysts forecast that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.