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

Barclays PLC (LON:BARC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 244.18 ($3.04) and traded as high as GBX 290.01 ($3.61). Barclays shares last traded at GBX 289.35 ($3.60), with a volume of 39,832,977 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on BARC. JPMorgan Chase & Co. boosted their price target on Barclays from GBX 350 ($4.35) to GBX 360 ($4.48) and gave the company an “overweight” rating in a research note on Monday, January 13th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 294 ($3.66).

Barclays Stock Up 1.1 %

The stock has a 50 day moving average of GBX 268.62 and a 200 day moving average of GBX 244.18. The company has a market capitalization of £42.44 billion, a price-to-earnings ratio of 1,125.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insider Transactions at Barclays

In related news, insider Anna Cross sold 40,197 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.36), for a total value of £108,531.90 ($135,040.31). Insiders own 1.47% of the company’s stock.

Barclays Company Profile

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.