Barclays (LON:BARC) Stock Price Passes Above 200 Day Moving Average of $156.54

Barclays PLC (LON:BARC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $156.54 and traded as high as $140.30. Barclays shares last traded at $139.32, with a volume of 30,059,815 shares traded.

Several brokerages have commented on BARC. Morgan Stanley reiterated an “equal weight” rating on shares of Barclays in a research note on Friday, July 26th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, August 1st. Berenberg Bank reiterated a “buy” rating on shares of Barclays in a research note on Monday, August 5th. Royal Bank of Canada set a GBX 180 ($2.35) target price on Barclays and gave the company a “neutral” rating in a research note on Friday, July 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 280 ($3.66) target price on shares of Barclays in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 208.71 ($2.73).

The stock has a market capitalization of $24.03 billion and a PE ratio of 7.78. The stock has a 50 day moving average price of GBX 151.91 and a 200-day moving average price of GBX 156.54.

The company also recently declared a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 8th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.95%. Barclays’s dividend payout ratio (DPR) is currently 0.39%.

In other news, insider Nigel Higgins purchased 10,092 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of GBX 153 ($2.00) per share, for a total transaction of £15,440.76 ($20,176.09).

Barclays Company Profile (LON:BARC)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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