Barclays (LON:BARC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Barclays PLC (LON:BARC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 235.76 ($2.92) and traded as high as GBX 268.15 ($3.32). Barclays shares last traded at GBX 268.15 ($3.32), with a volume of 9,253,079 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BARC shares. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 350 ($4.33) price target on shares of Barclays in a research note on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 292 ($3.61).

Barclays Stock Performance

The business’s 50-day simple moving average is GBX 258.99 and its 200 day simple moving average is GBX 235.98. The firm has a market cap of £38.66 billion, a P/E ratio of 1,024.81, a P/E/G ratio of 1.15 and a beta of 1.36.

Insider Buying and Selling

In other news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.34), for a total transaction of £108,531.90 ($134,338.28). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.08), for a total value of £272,415.96 ($337,190.20). 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.