Barclays (LON:BARC) Reaches New 1-Year High – Here’s What Happened

Shares of Barclays PLC (LON:BARC) hit a new 52-week high on Tuesday . The company traded as high as GBX 471.20 and last traded at GBX 470.13, with a volume of 180774438 shares. The stock had previously closed at GBX 467.95.

Wall Street Analyst Weigh In

Several brokerages recently commented on BARC. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 price objective on shares of Barclays in a research note on Tuesday, December 2nd. Jefferies Financial Group upped their price objective on Barclays from GBX 455 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup lifted their price target on shares of Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Barclays currently has an average rating of “Moderate Buy” and an average target price of GBX 445.83.

Barclays Trading Up 0.1%

The stock has a market capitalization of £65.52 billion, a PE ratio of 11.62, a PEG ratio of 1.15 and a beta of 1.36. The business’s 50-day moving average is GBX 419.55 and its two-hundred day moving average is GBX 380.41.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, December 16th. The financial services provider reported GBX 24.70 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, analysts predict that Barclays PLC will post 39.1062802 EPS for the current year.

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. 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.