Barclays (LON:BARC) Hits New 52-Week High – What’s Next?

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 408.75 and last traded at GBX 406.62, with a volume of 375917188 shares trading hands. The stock had previously closed at GBX 407.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BARC. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 380 target price on shares of Barclays in a research report on Wednesday, July 30th. Citigroup upped their price target on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada upped their price target on shares of Barclays from GBX 435 to GBX 500 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group upped their price target on shares of Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Barclays presently has an average rating of “Moderate Buy” and an average target price of GBX 445.83.

Barclays Stock Performance

The firm has a market cap of £56.87 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The stock’s 50 day simple moving average is GBX 378.55 and its 200-day simple moving average is GBX 348.76.

Barclays (LON:BARC) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, analysts expect that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling at Barclays

In other news, insider Anna Cross sold 753,438 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of GBX 373, for a total value of £2,810,323.74. 0.33% of the stock is owned by 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.