Barclays (LON:BARC) Sets New 12-Month High – Here’s Why

Barclays PLC (LON:BARC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 293.60 ($3.61) and last traded at GBX 291.30 ($3.59), with a volume of 28335746 shares trading hands. The stock had previously closed at GBX 289.35 ($3.56).

Analysts Set New Price Targets

A number of research firms recently weighed in on BARC. JPMorgan Chase & Co. upped their price target on Barclays from GBX 350 ($4.31) to GBX 360 ($4.43) and gave the stock an “overweight” rating in a research note on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barclays currently has an average rating of “Buy” and a consensus target price of GBX 294 ($3.62).

Barclays Stock Performance

The business has a 50 day simple moving average of GBX 265.87 and a 200-day simple moving average of GBX 242.12. The firm has a market cap of £42.64 billion, a price-to-earnings ratio of 1,130.38, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its earnings results on Friday, October 25th. The financial services provider reported GBX 10.70 ($0.13) earnings per share (EPS) for the quarter. Barclays had a return on equity of 7.12% and a net margin of 21.24%. As a group, research analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current year.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 40,197 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.32), for a total value of £108,531.90 ($133,610.61). 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.