Barclays (LON:BARC) Share Price Passes Above 200-Day Moving Average – Here’s Why

Barclays PLC (LON:BARC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 400.09 and traded as high as GBX 484.25. Barclays shares last traded at GBX 482.48, with a volume of 34,881,430 shares changing hands.

Barclays News Summary

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Continued buy‑back activity — Barclays has been repurchasing and cancelling shares (recent purchases ~2.5m and prior announcement that the programme has passed ~81m shares). Buybacks and cancellations reduce share count and support EPS, which is a clear near‑term positive for shareholders. Barclays Continues Share Buy-Back, Cancels Further 2.5 Million Shares
• Positive Sentiment: Broker upgrade — JPMorgan raised its price target to GBX 570 and moved to Overweight, providing fresh buy‑side research momentum that can lift sentiment and attract institutional flows. JPMorgan Chase & Co. Issues Positive Forecast for Barclays
• Neutral Sentiment: European HQ relocation — reports say Barclays will relocate its European headquarters from Dublin to Paris. This is strategically significant (regulatory/tax/market access implications) but effects on near‑term earnings are unclear; watch for transition costs and regulatory filings. Barclays to relocate European headquarters to Paris from Dublin
• Neutral Sentiment: Commercial/brand activity — Barclays named as a commercial partner for the London Spirit with Nike; useful for brand visibility but immaterial to core banking P&L. Barclays and Nike unveiled as London Spirit’s first commercial partners
• Neutral Sentiment: Market commentary — Barclays’ FX/EM team commented on the Indonesian rupiah’s record low; macro insights may influence institutional FX desks but are not a direct driver of bank valuation. Barclays on Rupiah’s Record Low
• Negative Sentiment: Customer warning/operational notices — media reported a customer warning from Barclays that may affect perception among retail clients; operational or regulatory follow‑ups could create short‑term noise. Barclays issues ‘important’ warning for millions of customers who must ‘prepare’
• Negative Sentiment: Branch closure/local sale — a Barclays branch in Sudbury will be converted to flats after planning approval; small‑scale property rationalisation signals cost‑cutting/estate reshaping but has negligible impact on group earnings. Barclays in Sudbury to become flats as plans approved

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BARC shares. Citigroup upped their target price on Barclays from GBX 400 to GBX 415 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Royal Bank Of Canada upped their price target on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Shore Capital reissued a “buy” rating on shares of Barclays in a research report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on shares of Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Barclays from GBX 500 to GBX 570 and gave the company an “overweight” rating in a research report on Tuesday. Five equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of GBX 457.50.

Barclays Trading Down 0.5%

The company has a market capitalization of £66.07 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business’s fifty day moving average is GBX 452.67 and its two-hundred day moving average is GBX 401.65.

Barclays (LON:BARC) last issued its earnings results on Tuesday, December 16th. The financial services provider reported GBX 24.70 EPS for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. As a group, 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. 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.