Barclays (LON:BARC) Share Price Crosses Above 200-Day Moving Average of $209.97

Barclays PLC (LON:BARC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 209.97 ($2.81) and traded as high as GBX 228.35 ($3.06). Barclays shares last traded at GBX 223.20 ($2.99), with a volume of 24,200,292 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BARC shares. Citigroup restated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Royal Bank of Canada lowered their price objective on shares of Barclays from GBX 260 ($3.48) to GBX 250 ($3.35) and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Wednesday, June 19th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 270 ($3.62) price objective on shares of Barclays in a research note on Monday, September 9th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 276 ($3.70).

Barclays Trading Down 1.4 %

The stock has a market cap of £32.52 billion, a P/E ratio of 858.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company’s fifty day simple moving average is GBX 224.14 and its 200-day simple moving average is GBX 209.97.

Barclays Cuts Dividend

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

Insider Activity

In related news, insider Anna Cross sold 49,013 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.96), for a total transaction of £108,318.73 ($145,043.83). In other Barclays news, insider Anna Cross sold 49,013 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.96), for a total value of £108,318.73 ($145,043.83). Also, insider Dawn Fitzpatrick bought 5,259 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of GBX 210 ($2.81) per share, with a total value of £11,043.90 ($14,788.30). 1.47% of the stock is currently 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.