Barclays (LON:BARC) Reaches New 12-Month High at $215.80

Barclays PLC (LON:BARC - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 215.80 ($2.71) and last traded at GBX 215.67 ($2.71), with a volume of 91682352 shares traded. The stock had previously closed at GBX 214.03 ($2.69).

Wall Street Analyst Weigh In

Several brokerages have recently commented on BARC. Citigroup restated a "buy" rating on shares of Barclays in a research note on Wednesday, January 31st. Royal Bank of Canada raised their target price on Barclays from GBX 230 ($2.89) to GBX 265 ($3.33) and gave the company an "outperform" rating in a report on Tuesday, February 27th. Peel Hunt began coverage on Barclays in a research note on Friday, April 19th. They set a "buy" rating and a GBX 245 ($3.08) price target for the company. Jefferies Financial Group reissued a "buy" rating and set a GBX 220 ($2.76) price objective on shares of Barclays in a report on Tuesday, February 20th. Finally, Shore Capital restated a "buy" rating on shares of Barclays in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Barclays has a consensus rating of "Buy" and a consensus target price of GBX 242 ($3.04).

Barclays Stock Performance

The company has a 50-day moving average of GBX 187.39 and a 200-day moving average of GBX 160.62. The firm has a market capitalization of £32.18 billion, a price-to-earnings ratio of 825.19, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, February 29th were issued a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, February 29th. This is an increase from Barclays's previous dividend of $2.70. This represents a dividend yield of 3.56%. Barclays's dividend payout ratio (DPR) is 3,076.92%.

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.