Barclays (LON:BARC) Reaches New 12-Month High – Should You Buy?

Barclays PLC (LON:BARC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 264.80 ($3.32) and last traded at GBX 260.40 ($3.26), with a volume of 300372313 shares. The stock had previously closed at GBX 262.65 ($3.29).

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Citigroup reissued a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 270 ($3.38) target price on shares of Barclays in a research report on Monday, September 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 276 ($3.46).

Barclays Trading Down 2.1 %

The stock has a 50-day moving average price of GBX 239.22 and a two-hundred day moving average price of GBX 225.87. The stock has a market cap of £37.32 billion, a price-to-earnings ratio of 989.23, a PEG ratio of 1.15 and a beta of 1.36.

Insider Buying and Selling at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.12), for a total value of £272,415.96 ($341,501.77). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.77), for a total value of £108,318.73 ($135,788.81). 1.47% of the stock is currently 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.