Barclays (LON:BARC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Barclays PLC (LON:BARC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 224.61 ($2.85) and traded as high as GBX 261.45 ($3.32). Barclays shares last traded at GBX 255.85 ($3.25), with a volume of 27,227,863 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 270 ($3.43) price target on shares of Barclays in a research report on Monday, September 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 276 ($3.50).

Barclays Trading Down 1.9 %

The stock has a market cap of £37.12 billion, a PE ratio of 984.04, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s 50 day moving average is GBX 235.96 and its 200-day moving average is GBX 224.61.

Insiders Place Their Bets

In other news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.16), for a total value of £272,415.96 ($345,705.53). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.80), for a total transaction of £108,318.73 ($137,460.32). 1.47% of the stock is owned by company insiders.

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.