Anna Cross Sells 49,013 Shares of Barclays PLC (LON:BARC) Stock

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

Barclays Price Performance

LON BARC traded down GBX 1.40 ($0.02) during mid-day trading on Wednesday, hitting GBX 223.60 ($2.95). The company’s stock had a trading volume of 46,039,281 shares, compared to its average volume of 55,008,680. Barclays PLC has a 52-week low of GBX 128.12 ($1.69) and a 52-week high of GBX 241.80 ($3.19). The firm has a market capitalization of £32.67 billion, a P/E ratio of 861.73, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The stock’s fifty day simple moving average is GBX 224.10 and its two-hundred day simple moving average is GBX 207.96.

Barclays Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BARC shares. Citigroup restated a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 335 ($4.43) price target on shares of Barclays in a report on Tuesday, May 21st. 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. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada dropped 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 report on Thursday, June 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Barclays presently has a consensus rating of “Buy” and a consensus 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.