Barclays (LON:BARC) Sets New 12-Month High Following Insider Buying Activity

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The company traded as high as GBX 312.60 ($3.96) and last traded at GBX 310.30 ($3.93), with a volume of 254989500 shares. The stock had previously closed at GBX 308.20 ($3.91).

Specifically, insider Robert Berry acquired 3,028 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of GBX 294 ($3.73) per share, for a total transaction of £8,902.32 ($11,280.18).

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BARC shares. JPMorgan Chase & Co. increased their target price on Barclays from GBX 360 ($4.56) to GBX 370 ($4.69) and gave the stock an “overweight” rating in a research report on Tuesday. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 296 ($3.75).

Barclays Stock Performance

The stock has a market capitalization of £43.73 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a 50 day simple moving average of GBX 281.21 and a 200-day simple moving average of GBX 252.59.

Barclays (LON:BARC) last announced its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.46) earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities research analysts forecast that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

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.