Barclays (LON:BARC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Barclays PLC (LON:BARC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 458.26 and traded as high as GBX 526.30. Barclays shares last traded at GBX 520.81, with a volume of 42,779,016 shares trading hands.

Key Stories Impacting Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays issued a notable price target upgrade on Travel+Leisure (TNL), reinforcing the bank’s active investment-banking and research presence. That kind of analyst activity can support sentiment around Barclays’ fee-generating businesses. Article Title
• Positive Sentiment: Barclays was cited among banks and dealmakers in several separate market stories, including coverage of the launch of the Samsung-Barclays Galaxy credit card, which highlights Barclays’ continued push in consumer finance and payments. Article Title
• Neutral Sentiment: Barclays disclosed a 3.19% stake in Qiagen via shares and derivatives, a routine regulatory filing that signals trading/investment activity but does not clearly change the bank’s earnings outlook. Article Title
• Neutral Sentiment: Barclays also appeared in commentary on AI and other sectors, but those items were more about the firm’s research views than a direct change in fundamentals for Barclays PLC (BARC).
• Negative Sentiment: News that former Barclays CEO Jes Staley is facing a U.S. congressional panel over Epstein ties may weigh on sentiment by reviving reputational overhang, even though it is not an operating issue for the current business. Article Title

Wall Street Analyst Weigh In

BARC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Barclays from GBX 590 to GBX 600 and gave the company an “overweight” rating in a report on Friday, June 12th. Royal Bank Of Canada upgraded Barclays to an “outperform” rating and increased their price objective for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Berenberg Bank restated a “buy” rating and issued a GBX 620 target price on shares of Barclays in a research note on Wednesday, June 24th. Shore Capital Group reaffirmed a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group raised their price target on Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 545.

Barclays Stock Performance

The firm’s 50 day moving average is GBX 485.65 and its 200-day moving average is GBX 458.26. The firm has a market cap of £70.24 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.88.

Barclays (LON:BARC) last posted its earnings results on Tuesday, April 28th. The financial services provider reported GBX 14.10 EPS for the quarter. The firm had revenue of GBX 816.30 billion for the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. As a group, research analysts predict 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. 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.