Barclays PLC (LON:BARC) Insider Sells £108,318.73 in Stock

Barclays PLC (LON:BARC) insider Anna Cross sold 49,013 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.92), for a total value of £108,318.73 ($143,089.47).

Barclays Price Performance

Shares of BARC traded down GBX 1.40 ($0.02) during mid-day trading on Wednesday, hitting GBX 223.60 ($2.95). The stock had a trading volume of 46,039,281 shares, compared to its average volume of 55,008,680. Barclays PLC has a 52 week low of GBX 128.12 ($1.69) and a 52 week high of GBX 241.80 ($3.19). The business has a fifty day moving average price of GBX 224.10 and a 200-day moving average price of GBX 207.96. The firm has a market cap of £32.67 billion, a P/E ratio of 861.73, a PEG ratio of 1.05 and a beta of 1.36.

Barclays Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 1.24%. The ex-dividend date of this dividend is Thursday, August 15th. Barclays’s payout ratio is 3,076.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BARC shares. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 270 ($3.57) price target on shares of Barclays in a report on Monday, September 9th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 335 ($4.43) price target on shares of Barclays in a report on Tuesday, May 21st. Citigroup reiterated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Royal Bank of Canada dropped their target price on Barclays from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 276 ($3.65).

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.