Barclays PLC (LON:BARC) Insider Sells £542,717.04 in Stock

Barclays PLC (LON:BARC) insider C.S. Venkatakrishnan sold 185,862 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.80), for a total transaction of £542,717.04 ($705,560.37).

Barclays Trading Up 2.3 %

BARC stock opened at GBX 301.53 ($3.92) on Wednesday. Barclays PLC has a one year low of GBX 173.80 ($2.26) and a one year high of GBX 316 ($4.11). The firm has a market capitalization of £43.29 billion, a PE ratio of 8.86, a P/E/G ratio of 1.15 and a beta of 1.36. The firm has a 50-day moving average of GBX 293.88 and a two-hundred day moving average of GBX 263.

Barclays (LON:BARC) last issued its earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. On average, equities research analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BARC. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Citigroup upped their price target on shares of Barclays from GBX 320 ($4.16) to GBX 350 ($4.55) and gave the company a “buy” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.55) price target on shares of Barclays in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Barclays from GBX 360 ($4.68) to GBX 370 ($4.81) and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 311.43 ($4.05).

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.