Barclays (LON:BARC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Barclays PLC (LON:BARC) 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.

Barclays News Roundup

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays removed the monthly fee on its DIY/self-directed investing platform, a move that could improve competitiveness, attract more retail investors, and support growth in its investment business. Barclays removes account fees on its DIY investing platform – but is it as cheap as it looks?
• Positive Sentiment: Barclays also announced it will give about 20,000 UK employees a 5.35% pay rise, signaling labor retention and operational stability, though the earnings impact is likely limited. Barclays to give around 20,000 UK staff a 5.35% pay rise
• Neutral Sentiment: Barclays’ market commentary on tech-sector hedging and its analyst coverage of names like IBM and AMD keeps the bank visible, but these notes are not a direct catalyst for BARC shares. Barclays traders say it’s time to buy protection for a tech-led S&P 500 pullback

Wall Street Analysts Forecast Growth

Several research firms have commented on BARC. Shore Capital Group reissued a “buy” rating on shares of Barclays in a report on Tuesday, April 28th. Royal Bank Of Canada raised shares of Barclays to an “outperform” rating and raised their target price for the company from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Jefferies Financial Group raised their price target on shares of Barclays from GBX 570 to GBX 590 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their price target on shares of Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 527.50.

Barclays Trading Down 0.9%

The stock has a market cap of £62.66 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.15 and a beta of 0.90. The stock’s 50-day moving average price is GBX 430.25 and its 200-day moving average price is GBX 443.83.

Barclays (LON:BARC) last issued its quarterly 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 for the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. As a group, analysts predict that Barclays PLC will post 39.1062802 earnings per share for the current year.

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. 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.