Barclays (LON:BARC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Barclays PLC (LON:BARC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 265.15 ($3.41) and traded as high as GBX 305.80 ($3.94). Barclays shares last traded at GBX 303.60 ($3.91), with a volume of 34,810,391 shares traded.

Analyst Ratings Changes

Several equities analysts have weighed in on BARC shares. JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 370 ($4.76) to GBX 410 ($5.28) and gave the company a “top pick” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.51) price objective on shares of Barclays in a research report on Monday, February 24th. Citigroup lifted their target price on Barclays from GBX 320 ($4.12) to GBX 350 ($4.51) and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 317.14 ($4.08).

Barclays Stock Performance

The stock has a market capitalization of £44.35 billion, a PE ratio of 9.08, a P/E/G ratio of 1.15 and a beta of 1.36. The firm’s 50 day moving average is GBX 297.98 and its two-hundred day moving average is GBX 265.76.

Barclays (LON:BARC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, analysts anticipate that Barclays PLC will post 39.1062802 EPS for the current year.

Insider Buying and Selling

In other news, insider C.S. Venkatakrishnan sold 185,862 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.76), for a total value of £542,717.04 ($698,747.32). Also, insider Robert Berry bought 3,028 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of GBX 294 ($3.79) per share, for a total transaction of £8,902.32 ($11,461.72). 1.47% of the stock is owned by insiders.

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.