Barclays (LON:BARC) Sets New 1-Year High – What’s Next?

Barclays PLC (LON:BARC) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 246.77 ($3.20) and last traded at GBX 243.20 ($3.16), with a volume of 176529344 shares. The stock had previously closed at GBX 238.15 ($3.09).

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 270 ($3.51) price objective on shares of Barclays in a report on Monday, September 9th. Citigroup reiterated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 276 ($3.58).

Barclays Price Performance

The company’s fifty day moving average price is GBX 227.59 and its 200 day moving average price is GBX 217.06. The company has a market cap of £36.03 billion, a PE ratio of 915.96, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were issued a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 1.24%. Barclays’s dividend payout ratio (DPR) is presently 3,076.92%.

Insider Buying and Selling

In related news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,637.15). In related news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,637.15). Also, insider Dawn Fitzpatrick acquired 5,259 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of GBX 210 ($2.73) per share, with a total value of £11,043.90 ($14,339.00). 1.47% of the stock is currently owned by corporate insiders.

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.