Barclays (LON:BARC) Sets New 1-Year High – Still a Buy?

Barclays PLC (LON:BARC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 293.60 ($3.61) and last traded at GBX 291.30 ($3.59), with a volume of 28335746 shares trading hands. The stock had previously closed at GBX 289.35 ($3.56).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Barclays from GBX 350 ($4.31) to GBX 360 ($4.43) and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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 price target of GBX 294 ($3.62).

Barclays Stock Up 0.1 %

The stock has a 50 day moving average of GBX 265.87 and a 200 day moving average of GBX 242.12. The company has a market capitalization of £42.64 billion, a price-to-earnings ratio of 1,130.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported GBX 10.70 ($0.13) earnings per share (EPS) for the quarter. Barclays had a net margin of 21.24% and a return on equity of 7.12%. As a group, sell-side analysts anticipate that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 40,197 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.32), for a total transaction of £108,531.90 ($133,610.61). 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.