Barclays (LON:BARC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Barclays PLC (LON:BARC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 446.68 and traded as high as GBX 488.55. Barclays shares last traded at GBX 478.77, with a volume of 36,743,594 shares trading hands.

Key Headlines Impacting Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays raised its STOXX 600 annual target to 670, signaling a more constructive view on European equities and potentially reinforcing optimism around the bank’s market commentary and outlook. Barclays lifts STOXX 600 annual target to 670
• Positive Sentiment: The firm said the recent gold sell-off may have been a “reset,” not a trend break, and it remains bullish on gold and related mining names, which suggests Barclays’ commodities views are still supportive of its macro research franchise. Barclays still bullish on gold price, sees drop as ‘reset’
• Positive Sentiment: Barclays also reiterated that oil prices may not collapse sharply even if peace-talk headlines ease geopolitical risk, underscoring a view that energy markets could stay supported. Iran deal won’t solve oil supply issues overnight. Barclays keeps $100 forecast
• Neutral Sentiment: Barclays disclosed ordinary-share disposals by two senior executives. The sales were regulatory disclosures rather than an operating update, so the market may see them as routine unless additional selling follows. Barclays Reports Senior Executives’ Disposal of Ordinary Shares
• Neutral Sentiment: Coverage about Barclays making announcements for UK consumers and parents appears more like product/brand marketing than a direct earnings catalyst, so the immediate stock impact is likely limited. Barclays makes ‘critical’ announcement with millions across UK set to benefit
• Neutral Sentiment: Reports that Barclays may buy the youth money-management app GoHenry point to potential digital expansion, but the deal was not yet confirmed and its financial impact remains unclear. Barclays to buy UK youth money management app GoHenry

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price on shares of Barclays from GBX 590 to GBX 600 and gave the stock an “overweight” rating in a report on Friday, June 12th. Jefferies Financial Group raised their target price on shares of 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 shares of Barclays to an “outperform” rating and raised their target price for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Finally, Citigroup raised their target price on shares of Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 532.50.

Barclays Stock Performance

The company’s fifty day moving average price is GBX 443.05 and its 200-day moving average price is GBX 447.66. The stock has a market cap of £67.90 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Barclays (LON:BARC) last released its earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share (EPS) for the quarter. The firm had revenue of GBX 816.30 billion during the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. Analysts anticipate that Barclays PLC will post 39.1062802 earnings per share 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. 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.