Barclays (LON:BARC) Sets New 52-Week High – What’s Next?

Barclays PLC (LON:BARC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 309.10 ($3.85) and last traded at GBX 309 ($3.85), with a volume of 129338336 shares changing hands. The stock had previously closed at GBX 306.45 ($3.82).

Analysts Set New Price Targets

BARC has been the topic of several analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 350 ($4.36) to GBX 360 ($4.48) and gave the stock an “overweight” rating in a research note on Monday, January 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 294 ($3.66).

Barclays Stock Performance

The firm has a market cap of £44.94 billion, a price-to-earnings ratio of 1,191.15, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s 50-day moving average is GBX 275.93 and its 200-day moving average is GBX 249.03.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 40,197 shares of Barclays stock in a transaction on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.36), for a total value of £108,531.90 ($135,141.20). 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.