Barclays (LON:BARC) Sets New 52-Week High – Still a Buy?

Barclays PLC (LON:BARCGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 554.10 and last traded at GBX 437.35, with a volume of 2147000000 shares. The stock had previously closed at GBX 452.81.

Barclays News Roundup

Here are the key news stories impacting Barclays this week:

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Barclays from GBX 480 to GBX 570 and gave the company a “buy” rating in a research note on Friday, January 23rd. Citigroup lifted their price target on shares of Barclays from GBX 440 to GBX 475 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Barclays from GBX 500 to GBX 570 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 499.17.

Check Out Our Latest Report on BARC

Barclays Stock Performance

The company has a market capitalization of £60.34 billion, a PE ratio of 10.77, a PEG ratio of 1.15 and a beta of 1.36. The company has a 50 day moving average price of GBX 477.61 and a 200 day moving average price of GBX 425.03.

Barclays (LON:BARCGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported GBX 8.60 earnings per share (EPS) for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, equities analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.

Insider Buying and Selling at Barclays

In other news, insider Brian Gilvary acquired 2,794 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were purchased at an average price of GBX 481 per share, for a total transaction of £13,439.14. Also, insider Dawn Fitzpatrick bought 2,111 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was purchased at an average price of GBX 481 per share, with a total value of £10,153.91. In the last ninety days, insiders have purchased 27,452 shares of company stock valued at $13,204,412. Corporate insiders own 0.34% of the company’s stock.

Barclays Company Profile

(Get Free Report)

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. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.

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