Barclays (LON:BARC) Sets New 1-Year High at $184.14

Barclays PLC (LON:BARC - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 184.14 ($2.33) and last traded at GBX 183.48 ($2.32), with a volume of 4405239 shares changing hands. The stock had previously closed at GBX 181.52 ($2.29).

Analysts Set New Price Targets

Several research firms have commented on BARC. Citigroup reiterated a "buy" rating on shares of Barclays in a research report on Wednesday, January 31st. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Barclays in a report on Tuesday, March 12th. Jefferies Financial Group restated a "buy" rating and set a GBX 220 ($2.78) target price on shares of Barclays in a research note on Tuesday, February 20th. Royal Bank of Canada increased their price target on Barclays from GBX 230 ($2.91) to GBX 265 ($3.35) and gave the stock an "outperform" rating in a report on Tuesday, February 27th. Finally, Berenberg Bank lifted their price target on Barclays from GBX 240 ($3.03) to GBX 270 ($3.41) and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of GBX 238.75 ($3.02).

Barclays Price Performance

The stock has a market capitalization of £27.66 billion, a price-to-earnings ratio of 678.52, a PEG ratio of -1.09 and a beta of 1.38. The business has a 50 day simple moving average of GBX 160.03 and a 200-day simple moving average of GBX 151.58.

Barclays Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th will be 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 is Thursday, February 29th. This represents a yield of 3.56%. Barclays's dividend payout ratio is currently 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.