Barclays (LON:BARC) Sets New 52-Week High After Insider Buying Activity

Barclays PLC (LON:BARC)’s share price reached a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 312.60 ($3.94) and last traded at GBX 310.30 ($3.91), with a volume of 254989500 shares. The stock had previously closed at GBX 308.20 ($3.89).

Specifically, insider Robert Berry bought 3,028 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of GBX 294 ($3.71) per share, for a total transaction of £8,902.32 ($11,230.38).

Analyst Ratings Changes

Several research analysts have commented on BARC shares. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Barclays from GBX 360 ($4.54) to GBX 370 ($4.67) and gave the stock an “overweight” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 296 ($3.73).

Barclays Price Performance

The stock has a 50-day simple moving average of GBX 279.52 and a 200 day simple moving average of GBX 251.50. The company has a market capitalization of £44.55 billion, a PE ratio of 9.12, a P/E/G ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last posted its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.45) EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, research analysts predict that Barclays PLC will post 39.1062802 EPS for the current fiscal year.

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.