Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Barclays PLC (LON:BARC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 232.89 ($2.92) and traded as high as GBX 262.05 ($3.29). Barclays shares last traded at GBX 261.60 ($3.28), with a volume of 13,605,194 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, October 24th. Citigroup reiterated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 350 ($4.39) price objective on shares of Barclays in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 292 ($3.66).

Barclays Price Performance

The company’s 50-day simple moving average is GBX 255.66 and its 200 day simple moving average is GBX 233.53. The firm has a market cap of £38.15 billion, a P/E ratio of 1,011.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insider Buying and Selling

In other news, insider Anna Cross sold 40,197 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.38), for a total transaction of £108,531.90 ($136,056.04). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.12), for a total value of £272,415.96 ($341,501.77). 1.47% of the stock is currently owned by company insiders.

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.