Barclays (LON:BARC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Barclays PLC (LON:BARC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 238.08 ($2.91) and traded as high as GBX 266.10 ($3.25). Barclays shares last traded at GBX 263.73 ($3.22), with a volume of 78,369,109 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 350 ($4.27) target price on shares of Barclays in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 292 ($3.57).

Barclays Stock Performance

The business’s 50 day moving average is GBX 261.98 and its two-hundred day moving average is GBX 238.43. The firm has a market capitalization of £37.44 billion, a PE ratio of 992.50, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insider Activity

In other news, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.04), for a total transaction of £272,415.96 ($332,620.22). Also, insider Anna Cross sold 40,197 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.30), for a total transaction of £108,531.90 ($132,517.58). 1.47% of the stock is owned by company 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.