Barclays (LON:BARC) Share Price Crosses Above Two Hundred Day Moving Average of $177.44

Barclays PLC (LON:BARC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 177.44 ($2.25) and traded as high as GBX 207.92 ($2.64). Barclays shares last traded at GBX 205.85 ($2.61), with a volume of 45,640,337 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Peel Hunt initiated coverage on shares of Barclays in a research note on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.11) price objective for the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 335 ($4.25) price target on shares of Barclays in a research report on Tuesday, May 21st. Berenberg Bank restated a “buy” rating and issued a GBX 280 ($3.55) price objective on shares of Barclays in a report on Thursday, May 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada decreased their price target on Barclays from GBX 260 ($3.30) to GBX 250 ($3.17) and set an “outperform” rating for the company in a research note on Thursday, June 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 262 ($3.32).

Barclays Stock Down 0.1 %

The company has a market cap of £30.77 billion, a PE ratio of 791.73, a PEG ratio of -1.09 and a beta of 1.35. The company’s fifty day moving average is GBX 208.02 and its 200-day moving average is GBX 177.44.

Insider Activity

In other Barclays news, insider Anna Cross sold 53,422 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 203 ($2.58), for a total transaction of £108,446.66 ($137,570.29). Insiders own 1.43% 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.