Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Barclays PLC (LON:BARC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 219.51 ($2.85) and traded as high as GBX 242.15 ($3.14). Barclays shares last traded at GBX 240.60 ($3.12), with a volume of 31,043,445 shares.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.50) target price on shares of Barclays in a research report on Monday, September 9th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 276 ($3.58).

Barclays Trading Up 1.3 %

The company has a 50 day simple moving average of GBX 229.56 and a 200 day simple moving average of GBX 219.51. The stock has a market capitalization of £34.91 billion, a PE ratio of 925.38, a P/E/G ratio of 1.15 and a beta of 1.36.

Insider Transactions at Barclays

In other Barclays news, insider Anna Cross sold 49,013 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.87), for a total value of £108,318.73 ($140,473.00). In related news, insider Anna Cross sold 49,013 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,473.00). Also, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.23), for a total value of £272,415.96 ($353,282.27). Company insiders own 1.47% of the company’s stock.

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.