Barclays (LON:BARC) Sets New 52-Week High – Should You Buy?

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 444 and last traded at GBX 443.20, with a volume of 234888547 shares traded. The stock had previously closed at GBX 442.10.

Analyst Ratings Changes

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

Barclays Trading Up 0.6%

The stock’s 50-day moving average price is GBX 403.20 and its 200-day moving average price is GBX 370.99. The company has a market cap of £61.73 billion, a P/E ratio of 10.95, a PEG ratio of 1.15 and a beta of 1.36.

Barclays (LON:BARC) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported GBX 10.40 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, research 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.