Barclays (LON:BARC) Hits New 1-Year High – Here’s Why

Barclays PLC (LON:BARC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 293.60 ($3.62) and last traded at GBX 291.30 ($3.59), with a volume of 28335746 shares traded. The stock had previously closed at GBX 289.35 ($3.57).

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 350 ($4.32) to GBX 360 ($4.44) and gave the stock an “overweight” rating in a report on Monday, January 13th. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 294 ($3.63).

Barclays Price Performance

The firm has a market cap of £43.15 billion, a PE ratio of 1,143.65, a P/E/G ratio of 1.15 and a beta of 1.36. The business has a fifty day moving average price of GBX 264.49 and a two-hundred day moving average price of GBX 241.12.

Insider Activity

In other Barclays news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.33), for a total value of £108,531.90 ($133,824.78). Also, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.07), for a total value of £272,415.96 ($335,901.31). 1.47% of the stock is currently owned by corporate 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.