Barclays (LON:BARC) Hits New 12-Month High – What’s Next?

Barclays PLC (LON:BARC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 242.30 ($3.16) and last traded at GBX 241.80 ($3.16), with a volume of 91459859 shares changing hands. The stock had previously closed at GBX 237.05 ($3.10).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BARC shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 270 ($3.53) price target on shares of Barclays in a report on Monday, September 9th. Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 276 ($3.60).

Barclays Stock Performance

The company has a 50-day simple moving average of GBX 226.41 and a two-hundred day simple moving average of GBX 215.80. The firm has a market capitalization of £35.15 billion, a P/E ratio of 931.73, a PEG ratio of 1.15 and a beta of 1.36.

Barclays Cuts Dividend

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

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.89), for a total transaction of £108,318.73 ($141,445.19). In other news, insider Anna Cross sold 49,013 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.89), for a total value of £108,318.73 ($141,445.19). Also, insider Dawn Fitzpatrick purchased 5,259 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of GBX 210 ($2.74) per share, for a total transaction of £11,043.90 ($14,421.39). Insiders own 1.47% of the company’s stock.

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.