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- 1 BARC share price grew by over 3.50% in the monthly time frame.
- 2 Barclays PLC share has an annual price target of 223.82 GBX.
- 3 In Q2 2023, Barclays PLC failed to meet estimated revenue, reporting a deficit of 4.03%.
BARC’s share price surged over 3.50% monthly after adding 5.34 GBX to its trading price. At the time of writing, Barclays PLC stock was trading at 154.42 GBX with an intraday surge of 1.25%.
Barclays PLC (BARC) Share Price Analysis
In the 52-week time frame, BARC share price peaked at $193.18, while its lowest traded price was $128.12. Barclays PLC has a market capitalization of $23.149 Billion.
companiesmarketcap(dot)com shows that Barclays PLC market capitalization declined around 7.50% in 2023 compared to 2022. The average trading volume of BARC shares is 10.804 Million.
In the weekly time frame, BARC stock price declined over 2.08%, but despite this decline, its price reflected an improvement in the monthly and quarterly time frame.
The annual price target of Barclays PLC share is 223.82 GBX, and it is 44.19% greater than its press time trading price. The MACD and signal line seem to be approaching the zero line, and the histogram reflects bear accumulation below the zero line.
When publishing, BARC share price was trading above 50 and 100-day exponential moving averages (EMA) and below 20 and 200-day EMAs. TradingView data shows that 13.351 BARC shares are free-floating, and the remaining 1.965 Billion shares are closely held.
Barclays PLC (BARC) Financial Updates
Barclays Plc failed to meet analyst expectations, reporting 4.03% less revenue than estimated figures. Despite less reported revenue in Q2 2023, the company’s EPS grew by 7.90%.
In the financial year 2022, Barclays PLC reported revenue was $36.59 Billion, the company’s net income was $5.09 Billion, and the profit margin generated was 13.73%. As per available data, the company’s profit margin declined by over 10% compared to the profit in 2021.
In the long term, the company’s total liabilities are $1.02 Trillion, and its assets are $708.13 Billion.
Barclays Plc operates as a bank holding company that provides retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments.
Technical Levels
Support Levels: $151.42 & $146.74
Resistance Levels: $157.96 & $163.62
Conclusion
Barclays PLC’s (BARC) share has struggled in the past week; it lost over 2.50% of its trading price. After this weekly decline, BARC stock price lost momentum and fell below 20 and 200-day EMAs. It is important to note that the MACD indicates a decline in the coming session as the signal line and MACD line approach the zero line.
Disclaimer
The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
