Barclays (LON:BARC) Hits New 52-Week High – What’s Next?

Barclays PLC (LON:BARC) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 300.85 ($3.73) and last traded at GBX 300.10 ($3.72), with a volume of 198447234 shares. The stock had previously closed at GBX 295.30 ($3.66).

Analysts Set New Price Targets

BARC has been the topic of several recent research reports. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Barclays from GBX 350 ($4.34) to GBX 360 ($4.47) and gave the company an “overweight” rating in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 294 ($3.65).

Barclays Stock Performance

The firm’s 50-day moving average price is GBX 274.31 and its two-hundred day moving average price is GBX 247.73. The stock has a market cap of £44.21 billion, a price-to-earnings ratio of 1,171.92, a PEG ratio of 1.15 and a beta of 1.36.

Insider Activity at Barclays

In related news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.35), for a total value of £108,531.90 ($134,638.26). 1.47% of the stock is owned by insiders.

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.