Barclays (LON:BARC) Sets New 1-Year High at $196.88

Barclays PLC (LON:BARC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 196.88 ($2.43) and last traded at GBX 196.40 ($2.43), with a volume of 870737938 shares trading hands. The stock had previously closed at GBX 191.14 ($2.36).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BARC shares. Citigroup reaffirmed a "buy" rating on shares of Barclays in a research note on Wednesday, January 31st. Jefferies Financial Group reissued a "buy" rating and issued a GBX 220 ($2.72) target price on shares of Barclays in a research note on Tuesday, February 20th. Royal Bank of Canada raised their target price on Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Barclays in a research note on Tuesday, March 12th. Finally, Peel Hunt started coverage on Barclays in a research note on Friday, April 19th. They issued a "buy" rating and a GBX 245 ($3.03) target price on the stock. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barclays presently has a consensus rating of "Buy" and a consensus price target of GBX 240 ($2.96).

Barclays Stock Performance

The firm has a market cap of £30.78 billion, a P/E ratio of 755.56, a P/E/G ratio of -1.09 and a beta of 1.38. The business's 50-day simple moving average is GBX 177.68 and its 200 day simple moving average is 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 given a GBX 5.30 ($0.07) dividend. This represents a yield of 3.56%. The ex-dividend date was Thursday, February 29th. This is an increase from Barclays's previous dividend of $2.70. Barclays's payout ratio is 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.