Insider Selling: Barclays PLC (LON:BARC) Insider Sells £108,318.73 in Stock

Barclays PLC (LON:BARC) insider Anna Cross sold 49,013 shares of Barclays stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.92), for a total transaction of £108,318.73 ($143,089.47).

Barclays Price Performance

Shares of LON:BARC opened at GBX 226.75 ($3.00) on Friday. The firm has a market capitalization of £33.13 billion, a PE ratio of 872.12, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The firm’s 50-day moving average is GBX 224.36 and its two-hundred day moving average is GBX 208.60. Barclays PLC has a 1 year low of GBX 128.12 ($1.69) and a 1 year high of GBX 241.80 ($3.19).

Barclays Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 15th were paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 1.24%. Barclays’s dividend payout ratio (DPR) is presently 3,076.92%.

Analysts Set New Price Targets

A number of research firms have commented on BARC. Royal Bank of Canada decreased their target price on shares of Barclays from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “outperform” rating on the stock in a research report on Thursday, June 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.57) target price on shares of Barclays in a research report on Monday, September 9th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 276 ($3.65).

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.