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

Shares of Barclays PLC (LON:BARC) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 309.10 ($3.88) and last traded at GBX 309 ($3.88), with a volume of 129338336 shares traded. The stock had previously closed at GBX 306.45 ($3.85).

Analyst Ratings Changes

BARC has been the topic of several research reports. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Barclays from GBX 350 ($4.40) to GBX 360 ($4.52) and gave the company an “overweight” rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 294 ($3.69).

Barclays Trading Down 0.4 %

The firm has a market capitalization of £41.94 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.15 and a beta of 1.36. The business has a 50-day moving average price of GBX 277.64 and a two-hundred day moving average price of GBX 249.95.

Barclays (LON:BARC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities research analysts predict that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling at Barclays

In other Barclays news, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of GBX 270 ($3.39), for a total transaction of £108,531.90 ($136,398.01). 1.47% of the stock is owned by company insiders.

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.