Barclays (LON:BARC) Shares Cross Above 200 Day Moving Average – Time to Sell?

Barclays PLC (LON:BARC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 289.75 ($3.93) and traded as high as GBX 326.55 ($4.43). Barclays shares last traded at GBX 323 ($4.38), with a volume of 48,048,875 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Barclays from GBX 370 ($5.02) to GBX 410 ($5.56) and gave the company a “top pick” rating in a research report on Tuesday, March 25th. Citigroup upped their price target on Barclays from GBX 320 ($4.34) to GBX 350 ($4.74) and gave the company a “buy” rating in a research report on Thursday, March 6th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 350 ($4.74) price objective on shares of Barclays in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 340 ($4.61).

Barclays Stock Down 0.1%

The company’s 50-day moving average is GBX 300.58 and its two-hundred day moving average is GBX 289.75. The company has a market capitalization of £46.38 billion, a P/E ratio of 9.49, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, sell-side analysts predict that Barclays PLC will post 39.1062802 EPS for the current year.

Insider Buying and Selling at Barclays

In other Barclays news, insider C.S. Venkatakrishnan sold 185,862 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.96), for a total transaction of £542,717.04 ($735,688.00). Company insiders own 1.47% of the company’s stock.

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.