Barclays (LON:BARC) Sets New 52-Week High After Insider Buying Activity

Barclays PLC (LON:BARC)’s share price reached a new 52-week high on Wednesday following insider buying activity. The stock traded as high as GBX 312.60 ($3.94) and last traded at GBX 310.30 ($3.91), with a volume of 254989500 shares traded. The stock had previously closed at GBX 308.20 ($3.89).

Specifically, insider Robert Berry bought 3,028 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of GBX 294 ($3.71) per share, for a total transaction of £8,902.32 ($11,230.38).

Analysts Set New Price Targets

Several research firms recently commented on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Barclays from GBX 360 ($4.54) to GBX 370 ($4.67) and gave the stock an “overweight” rating in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays presently has a consensus rating of “Buy” and a consensus price target of GBX 296 ($3.73).

Barclays Price Performance

The stock has a market cap of £44.55 billion, a PE ratio of 9.12, a P/E/G ratio of 1.15 and a beta of 1.36. The business has a fifty day moving average of GBX 279.52 and a 200 day moving average of GBX 251.50.

Barclays (LON:BARC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, equities research analysts expect that Barclays PLC will post 39.1062802 EPS for the current year.

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.