Barclays (LON:BARC) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Barclays (LON:BARC) in a research note published on Thursday, Marketbeat reports.

BARC has been the subject of several other reports. Citigroup reissued a “buy” rating on shares of Barclays in a report on Monday, September 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 270 ($3.51) price target on shares of Barclays in a report on Monday, September 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 276 ($3.58).

Barclays Stock Performance

Shares of LON BARC opened at GBX 244.95 ($3.18) on Thursday. The company has a market cap of £35.54 billion, a PE ratio of 954.04, a P/E/G ratio of 1.15 and a beta of 1.36. The firm’s 50 day moving average price is GBX 227.99 and its 200-day moving average price is GBX 217.28. Barclays has a 52-week low of GBX 128.12 ($1.66) and a 52-week high of GBX 251.30 ($3.26).

Barclays Cuts Dividend

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

Insider Buying and Selling at Barclays

In other news, insider Dawn Fitzpatrick purchased 5,259 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of GBX 210 ($2.73) per share, with a total value of £11,043.90 ($14,339.00). In other Barclays news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.87), for a total transaction of £108,318.73 ($140,637.15). Also, insider Dawn Fitzpatrick purchased 5,259 shares of Barclays stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of GBX 210 ($2.73) per share, with a total value of £11,043.90 ($14,339.00). 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.