Barclays PLC (LON:BARC) Receives GBX 238.75 Average PT from Analysts

Barclays PLC (LON:BARC) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 240 ($2.96).

A number of brokerages recently commented on BARC. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, February 29th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 ($2.72) target price on shares of Barclays in a report on Tuesday, February 20th. Citigroup reissued a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Peel Hunt began coverage on Barclays in a research report on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the company an “outperform” rating in a research report on Tuesday, February 27th.

Barclays Stock Down 0.4 %

Shares of Barclays stock opened at GBX 191.46 ($2.36) on Friday. Barclays has a twelve month low of GBX 128.12 ($1.58) and a twelve month high of GBX 194.80 ($2.41). The business has a 50-day moving average price of GBX 175.48 and a 200-day moving average price of GBX 155.48. The firm has a market cap of £28.89 billion, a price-to-earnings ratio of 712.00, a PEG ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, February 29th were given a GBX 5.30 ($0.07) dividend. This represents a dividend yield of 3.56%. The ex-dividend date was Thursday, February 29th. This is a boost from Barclays’s previous dividend of $2.70. Barclays’s dividend payout ratio is presently 2,962.96%.

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.