Barclays (LON:BARC) Reaches New 52-Week High – Should You Buy?

Barclays PLC (LON:BARC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 262 ($3.37) and last traded at GBX 260.65 ($3.35), with a volume of 47158789 shares traded. The stock had previously closed at GBX 251.50 ($3.24).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BARC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.47) price target on shares of Barclays in a research note on Monday, September 9th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Finally, Citigroup reissued a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 276 ($3.55).

Barclays Stock Down 0.7 %

The company has a market cap of £37.54 billion, a PE ratio of 992.03, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50-day simple moving average of GBX 231.83 and a 200 day simple moving average of GBX 222.25.

Insider Buying and Selling at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.20), for a total value of £272,415.96 ($350,554.57). In related news, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.20), for a total value of £272,415.96 ($350,554.57). Also, insider Anna Cross sold 49,013 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.84), for a total value of £108,318.73 ($139,388.41). Company insiders own 1.47% of the company’s stock.

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.