Barclays (LON:BARC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Barclays PLC (LON:BARC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 442.14 and traded as high as GBX 460.30. Barclays shares last traded at GBX 456.63, with a volume of 120,316,102 shares.

Trending Headlines about Barclays

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays and NatWest are cutting mortgage rates, which could help support loan demand and improve customer activity as interest-rate fears ease. NatWest and Barclays sweeten mortgage costs as Iran peace hopes ease interest rate fears
• Positive Sentiment: Barclays launched a £750 million subordinated callable notes issue, indicating it continues to access funding markets on active terms and manage its capital structure. Barclays Lists £750m Subordinated Callable Notes on LSE
• Neutral Sentiment: Several Barclays-related headlines focus on retail banking changes and promotional offers, including mortgage cuts and a £200 incentive for new customers; these are supportive for engagement, but not a major earnings catalyst on their own.
• Neutral Sentiment: Barclays’ recent financial coverage also includes the bank taking a view on other companies, such as upgrading names like SanDisk and Ross Stores, which reflects its active research franchise more than a direct impact on Barclays’ own shares.
• Negative Sentiment: Investor sentiment may be capped by heavy insider selling at a different company highlighted in the news flow, but this is not specific to Barclays and is likely only a minor read-through for the stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BARC. Jefferies Financial Group increased their price objective on shares of Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Citigroup lifted their target price on Barclays from GBX 425 to GBX 450 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada upgraded shares of Barclays to an “outperform” rating and increased their price objective for the company from GBX 550 to GBX 575 in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Barclays presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 527.50.

Barclays Trading Up 1.2%

The firm has a market cap of £62.44 billion, a PE ratio of 10.55, a P/E/G ratio of 1.15 and a beta of 0.90. The business’s 50-day simple moving average is GBX 423.74 and its 200 day simple moving average is GBX 442.59.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 earnings per share (EPS) for the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. The firm had revenue of GBX 816.30 billion for the quarter. Analysts expect 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.