Insider Selling: Barclays PLC (LON:BARC) Insider Sells 185,862 Shares of Stock

Barclays PLC (LON:BARC) insider C.S. Venkatakrishnan sold 185,862 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.80), for a total value of £542,717.04 ($706,019.31).

Barclays Stock Performance

BARC opened at GBX 304.90 ($3.97) on Thursday. The company has a fifty day moving average price of GBX 294.68 and a two-hundred day moving average price of GBX 263.29. The firm has a market capitalization of £43.78 billion, a PE ratio of 8.96, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays PLC has a 52 week low of GBX 173.80 ($2.26) and a 52 week high of GBX 316 ($4.11).

Barclays (LON:BARC) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities analysts forecast that Barclays PLC will post 39.1062802 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BARC. JPMorgan Chase & Co. raised their target price on Barclays from GBX 360 ($4.68) to GBX 370 ($4.81) and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Citigroup raised their price objective on shares of Barclays from GBX 320 ($4.16) to GBX 350 ($4.55) and gave the company a “buy” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 350 ($4.55) target price on shares of Barclays in a research report on Monday, February 24th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 311.43 ($4.05).

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.