Barclays (LON:BARC) Hits New 1-Year High – Here’s Why

Barclays PLC (LON:BARC)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 293.60 ($3.62) and last traded at GBX 291.30 ($3.59), with a volume of 28335746 shares. The stock had previously closed at GBX 289.35 ($3.57).

Analysts Set New Price Targets

A number of brokerages have weighed in on BARC. JPMorgan Chase & Co. boosted their price target on Barclays from GBX 350 ($4.32) to GBX 360 ($4.44) and gave the stock an “overweight” rating in a research report on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 294 ($3.63).

Barclays Trading Up 1.9 %

The firm has a market cap of £43.15 billion, a price-to-earnings ratio of 1,143.65, a PEG ratio of 1.15 and a beta of 1.36. The firm has a 50-day moving average of GBX 264.49 and a two-hundred day moving average of GBX 241.12.

Insider Buying and Selling

In other Barclays news, insider Anna Cross sold 40,197 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.33), for a total value of £108,531.90 ($133,824.78). Also, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.07), for a total value of £272,415.96 ($335,901.31). 1.47% of the stock is owned by 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.