Insider Selling: Barclays PLC (LON:BARC) Insider Sells 49,013 Shares of Stock

Barclays PLC (LON:BARC) insider Anna Cross sold 49,013 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.92), for a total transaction of £108,318.73 ($143,089.47).

Barclays Stock Down 0.4 %

Shares of BARC opened at GBX 226.75 ($3.00) on Friday. The stock has a 50 day moving average price of GBX 224.36 and a 200 day moving average price of GBX 208.60. The company has a market capitalization of £33.13 billion, a price-to-earnings ratio of 872.12, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. Barclays PLC has a 52-week low of GBX 128.12 ($1.69) and a 52-week high of GBX 241.80 ($3.19).

Barclays Cuts Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on BARC shares. Citigroup restated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Wednesday, June 19th. Royal Bank of Canada cut their target price on shares of Barclays from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “outperform” rating on the stock in a research note on Thursday, June 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.57) price target on shares of Barclays in a report on Monday, September 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 276 ($3.65).

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.