Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average of $152.82

Barclays PLC (LON:BARC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 152.82 ($1.91) and traded as high as GBX 160.46 ($2.01). Barclays shares last traded at GBX 160.08 ($2.00), with a volume of 42,009,542 shares changing hands.

Analyst Upgrades and Downgrades

BARC has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Barclays from GBX 300 ($3.75) to GBX 320 ($4.00) and gave the company a “buy” rating in a research report on Tuesday, June 20th. Berenberg Bank lowered their price target on shares of Barclays from GBX 270 ($3.38) to GBX 260 ($3.25) and set a “buy” rating on the stock in a report on Thursday, July 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Barclays from GBX 180 ($2.25) to GBX 190 ($2.38) and gave the company an “overweight” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Barclays presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 239.75 ($3.00).

Barclays Stock Up 0.9 %

The firm’s fifty day moving average price is GBX 151.32 and its 200 day moving average price is GBX 152.82. The stock has a market cap of £24.78 billion, a PE ratio of 461.31, a P/E/G ratio of -1.09 and a beta of 1.32.

Barclays Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 10th were issued a GBX 2.70 ($0.03) dividend. This represents a dividend yield of 1.65%. The ex-dividend date was Thursday, August 10th. Barclays’s dividend payout ratio (DPR) is presently 2,285.71%.

Insider Transactions at Barclays

In related news, insider Anna Cross sold 68,659 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of GBX 154 ($1.93), for a total value of £105,734.86 ($132,317.43). Insiders own 0.38% of the company’s stock.

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 two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.