Barclays (LON:BARC) Reaches New 12-Month High – Time to Buy?

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 265.50 ($3.37) and last traded at GBX 264.95 ($3.36), with a volume of 413758094 shares changing hands. The stock had previously closed at GBX 258.95 ($3.28).

Analysts Set New Price Targets

BARC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 270 ($3.42) price objective on shares of Barclays in a research note on Monday, September 9th. Citigroup reiterated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Finally, Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 276 ($3.50).

Barclays Stock Up 2.2 %

The company’s 50-day moving average price is GBX 241.50 and its 200-day moving average price is GBX 226.99. The firm has a market cap of £38.39 billion, a price-to-earnings ratio of 995.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insider Activity

In other Barclays news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.80), for a total value of £108,318.73 ($137,320.91). Also, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.16), for a total transaction of £272,415.96 ($345,354.92). 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.