Barclays PLC Share Price Surpasses Two Hundred Day Moving Average
Barclays PLC's share price surpassed its two hundred day moving average during trading on Friday. The stock's two hundred day moving average is GBX 146.78 ($1.85) and it traded as high as GBX 147.88 ($1.87). Barclays shares last traded at GBX 146.72 ($1.85), with a volume of 29,574,280 shares.
Research Firms Issue Positive Reports on Barclays
Several research firms have recently issued reports on BARC. Berenberg Bank issued a "buy" rating and a GBX 240 ($3.03) price target. Shore Capital and Citigroup also reaffirmed a "buy" rating on the shares. The company has an average rating of "Buy" and a consensus price target of GBX 247 ($3.12).
Company Overview and Financials
Barclays PLC is a leading provider of various financial services in multiple regions. The company operates through Barclays UK and Barclays International divisions, offering services like retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
The company has a market capitalization of £22.26 billion, a P/E ratio of 431.53, a P/E/G ratio of -1.09, and a beta of 1.37. The stock's 50-day simple moving average is GBX 147.69 and its two-hundred day simple moving average is GBX 146.78.
Insider Transactions
Insider transactions include Nigel Higgins acquiring 200,000 shares at an average price of GBX 139 ($1.76) per share and Anna Cross selling 74,044 shares at an average price of GBX 143 ($1.81). Insiders own 0.23% of the company's stock.
Barclays PLC continues to make strides in the market, with its share price surpassing its two hundred day moving average. With positive reports from research firms and a diverse range of financial services, the company is poised for further growth.
Analyst comment
Positive news: Barclays PLC’s share price surpassing its two hundred day moving average during trading on Friday indicates upward momentum in the stock. Several research firms have issued “buy” ratings and a consensus price target of GBX 247 ($3.12), suggesting further potential for growth. This, coupled with insider transactions, indicates positive sentiment towards the company. As an analyst, it is expected that the market will respond positively to this news, potentially driving the share price higher in the near term.
