Barclays (LON:BARC) Given New GBX 280 Price Target at Berenberg Bank

Barclays (LON:BARC) had its price objective lifted by Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a report issued on Thursday, Digital Look reports. The firm currently has a buy rating on the financial services provider’s stock.

BARC has been the topic of several other research reports. Jefferies Financial Group restated a buy rating and set a GBX 220 ($2.72) target price on shares of Barclays in a report on Tuesday, February 20th. Peel Hunt began coverage on shares of Barclays in a research note on Friday, April 19th. They issued a buy rating and a GBX 245 ($3.03) target price for the company. JPMorgan Chase & Co. reissued an overweight rating on shares of Barclays in a research note on Tuesday, March 12th. Citigroup reaffirmed a buy rating on shares of Barclays in a report on Wednesday, January 31st. Finally, Shore Capital reissued a buy rating on shares of Barclays in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of GBX 242 ($2.99).

Barclays Trading Up 0.2 %

BARC opened at GBX 204.35 ($2.52) on Thursday. The stock has a market cap of £30.84 billion, a price-to-earnings ratio of 749.07, a PEG ratio of -1.09 and a beta of 1.38. Barclays has a 1 year low of GBX 128.12 ($1.58) and a 1 year high of GBX 206.70 ($2.55). The stock has a fifty day moving average price of GBX 177.68 and a 200 day moving average price of GBX 156.07.

Barclays Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were paid a GBX 5.30 ($0.07) dividend. This is a positive change from Barclays’s previous dividend of $2.70. The ex-dividend date of this dividend was Thursday, February 29th. This represents a yield of 3.56%. 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.