Barclays PLC (LON:BARC) Receives GBX 276 Consensus PT from Brokerages

Barclays PLC (LON:BARC) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 276 ($3.65).

BARC has been the topic of several recent research reports. Shore Capital restated a “buy” rating on shares of Barclays in a report on Wednesday, June 19th. Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. Royal Bank of Canada lowered their price target on Barclays from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “outperform” rating on the stock in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 270 ($3.57) price objective on shares of Barclays in a research note on Monday, September 9th.

Barclays Stock Down 1.7 %

Shares of BARC opened at GBX 222.85 ($2.94) on Monday. Barclays has a 12 month low of GBX 128.12 ($1.69) and a 12 month high of GBX 241.80 ($3.19). The company’s fifty day moving average is GBX 224.36 and its 200-day moving average is GBX 209.14. The firm has a market cap of £32.47 billion, a price-to-earnings ratio of 872.12, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

Barclays Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 1.24%. The ex-dividend date was Thursday, August 15th. Barclays’s dividend payout ratio (DPR) is currently 3,076.92%.

Insider Buying and Selling at Barclays

In related news, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.92), for a total transaction of £108,318.73 ($143,089.47). In other Barclays news, insider Dawn Fitzpatrick acquired 5,259 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of GBX 210 ($2.77) per share, for a total transaction of £11,043.90 ($14,589.04). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.92), for a total transaction of £108,318.73 ($143,089.47). Insiders own 1.47% of the company’s stock.

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.