Insider Buying: Barclays PLC (LON:BARC) Insider Purchases 44,562 Shares of Stock

Barclays PLC (LON:BARC) insider C.S. Venkatakrishnan acquired 44,562 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of GBX 326 ($4.41) per share, with a total value of £145,272.12 ($196,685.78).

C.S. Venkatakrishnan also recently made the following trade(s):

• On Friday, June 20th, C.S. Venkatakrishnan sold 23,395 shares of Barclays stock. The stock was sold at an average price of GBX 326 ($4.41), for a total value of £76,267.70 ($103,259.82).

Barclays Trading Up 4.7%

LON:BARC traded up GBX 14.85 ($0.20) during mid-day trading on Tuesday, hitting GBX 333.50 ($4.52). The company’s stock had a trading volume of 56,288,828 shares, compared to its average volume of 49,927,711. The company has a market capitalization of £47.88 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays PLC has a fifty-two week low of GBX 196.44 ($2.66) and a fifty-two week high of GBX 334.25 ($4.53). The stock has a fifty day moving average of GBX 311.70 and a 200-day moving average of GBX 293.46.

Barclays (LON:BARC) last issued its earnings results on Wednesday, April 30th. The financial services provider reported GBX 13 ($0.18) 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, equities analysts anticipate that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Barclays from GBX 370 ($5.01) to GBX 410 ($5.55) and gave the company a “top pick” rating in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.74) price objective on shares of Barclays in a research report on Monday, February 24th. Citigroup raised their target price on Barclays from GBX 320 ($4.33) to GBX 350 ($4.74) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, April 30th.

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.