Barclays (LON:BARC) Sets New 52-Week High – Here’s What Happened

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 457.50 and last traded at GBX 453, with a volume of 32074605 shares traded. The stock had previously closed at GBX 454.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BARC shares. Royal Bank Of Canada boosted their target price on shares of Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Jefferies Financial Group boosted their price objective on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Citigroup increased their price objective on Barclays from GBX 400 to GBX 415 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 price target on shares of Barclays in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Barclays presently has a consensus rating of “Moderate Buy” and an average target price of GBX 445.83.

Barclays Stock Up 2.3%

The firm has a market cap of £63.98 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.15 and a beta of 1.36. The business’s 50 day moving average is GBX 408.71 and its two-hundred day moving average is GBX 374.83.

Barclays (LON:BARC) last issued its quarterly earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 EPS for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. Equities research analysts anticipate that Barclays PLC will post 39.1062802 EPS for the current 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.