Barclays (LON:BARC) Sets New 1-Year High – Should You Buy?

Barclays PLC (LON:BARC) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 300.85 ($3.76) and last traded at GBX 300.10 ($3.75), with a volume of 198447234 shares traded. The stock had previously closed at GBX 295.30 ($3.69).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Barclays from GBX 350 ($4.38) to GBX 360 ($4.50) and gave the company an “overweight” rating in a report on Monday, January 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 294 ($3.68).

Barclays Price Performance

The firm has a 50 day moving average price of GBX 272.70 and a 200-day moving average price of GBX 247. The firm has a market cap of £43.71 billion, a price-to-earnings ratio of 1,158.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Insiders Place Their Bets

In related news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.38), for a total transaction of £108,531.90 ($135,681.84). 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.