Barclays (LON:BARC) Sets New 1-Year High – Time to Buy?

Shares of Barclays PLC (LON:BARC) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 531.30 and last traded at GBX 523.51, with a volume of 29624189 shares. The stock had previously closed at GBX 529.50.

Barclays News Roundup

Here are the key news stories impacting Barclays this week:

• Neutral Sentiment: Recent headlines tied to Barclays include a consumer warning in the UK telling customers to delete scam texts impersonating Barclays, TSB, and Co-op. This is more of a fraud-awareness item than a fundamental business update, so it is unlikely to be a major stock driver. Delete these Barclays TSB and Co-op scam texts ‘immediately’
• Positive Sentiment: Barclays has also been active on the analyst front recently, including higher price targets on names like Digital Realty, Equinix, and Iron Mountain. While these are not Barclays-specific fundamentals, they can reinforce the view that the bank’s research franchise remains active and constructive on sectors tied to AI and infrastructure demand. Barclays Raises its Price Target on Iron Mountain (IRM) Barclays Raises its Price Target on Digital Realty (DLR) Barclays Raises its Price Target on Equinix (EQIX)
• Negative Sentiment: At the market level, U.S. equities were weak, with SPY down as large-cap tech and industrial names sold off. That kind of broader de-risking can weigh on Barclays shares even without a Barclays-specific catalyst. SPY is down 0.5% today, on INTC stock price movement

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BARC shares. Citigroup boosted their target price on Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 price objective on shares of Barclays in a research note on Wednesday, June 24th. Shore Capital Group reissued a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price on Barclays from GBX 590 to GBX 600 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group lifted their target price on Barclays from GBX 570 to GBX 590 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy” and an average target price of GBX 545.

Barclays Stock Performance

The company’s 50-day simple moving average is GBX 464.89 and its 200 day simple moving average is GBX 454.66. The company has a market cap of £68.19 billion, a PE ratio of 11.65, a PEG ratio of 1.15 and a beta of 0.88.

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