Barclays (LON:BARC) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Barclays PLC (LON:BARCGet Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 443.83 and traded as high as GBX 466.95. Barclays shares last traded at GBX 461.01, with a volume of 27,624,750 shares changing hands.

Key Headlines Impacting Barclays

Here are the key news stories impacting Barclays this week:

Analyst Upgrades and Downgrades

BARC has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upgraded Barclays to an “outperform” rating and lifted their target price for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Citigroup lifted their target price on Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of Barclays in a report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Barclays has a consensus rating of “Moderate Buy” and an average target price of GBX 527.50.

Read Our Latest Stock Report on BARC

Barclays Stock Down 0.6%

The company has a market capitalization of £62.86 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a fifty day moving average price of GBX 431.57 and a 200 day moving average price of GBX 443.95.

Barclays (LON:BARCGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 EPS for the quarter. The company had revenue of GBX 816.30 billion for the quarter. Barclays had a return on equity of 9.46% and a net margin of 17.81%. As a group, equities analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current year.

About Barclays

(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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