Barclays PLC (LON:BARC) Insider C.S. Venkatakrishnan Sells 185,862 Shares of Stock

Barclays PLC (LON:BARC) insider C.S. Venkatakrishnan sold 185,862 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.79), for a total value of £542,717.04 ($704,918.87).

Barclays Stock Performance

Barclays stock opened at GBX 294.85 ($3.83) on Tuesday. Barclays PLC has a 1 year low of GBX 173.80 ($2.26) and a 1 year high of GBX 316 ($4.10). The firm has a 50 day moving average price of GBX 293.17 and a 200 day moving average price of GBX 262.48. The company has a market cap of £42.34 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Sell-side analysts predict that Barclays PLC will post 39.1062802 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Barclays from GBX 320 ($4.16) to GBX 350 ($4.55) and gave the company a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their price objective on shares of Barclays from GBX 360 ($4.68) to GBX 370 ($4.81) and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 350 ($4.55) price objective on shares of Barclays in a research note on Monday, February 24th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays has an average rating of “Buy” and a consensus target price of GBX 311.43 ($4.05).

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.