Barclays (LON:BARC) Hits New 12-Month High – What’s Next?

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 242.30 ($3.16) and last traded at GBX 241.80 ($3.16), with a volume of 91459859 shares traded. The stock had previously closed at GBX 237.05 ($3.10).

Wall Street Analyst Weigh In

A number of research firms have issued reports on BARC. Citigroup reissued a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.53) price target on shares of Barclays in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Barclays has an average rating of “Buy” and an average target price of GBX 276 ($3.60).

Barclays Price Performance

The company has a market cap of £35.15 billion, a P/E ratio of 931.73, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company has a 50 day moving average of GBX 226.41 and a 200-day moving average of GBX 215.80.

Barclays Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were paid a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 1.24%. The ex-dividend date was Thursday, August 15th. Barclays’s dividend payout ratio is 3,076.92%.

Insider Activity at Barclays

In related news, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.89), for a total transaction of £108,318.73 ($141,445.19). In other news, insider Dawn Fitzpatrick purchased 5,259 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of GBX 210 ($2.74) per share, for a total transaction of £11,043.90 ($14,421.39). Also, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.89), for a total value of £108,318.73 ($141,445.19). 1.47% of the stock is owned by corporate 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.