Barclays (LON:BARC) Reaches New 1-Year Low at $1.82

Barclays PLC (LON:BARC - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as GBX 1.82 ($0.02) and last traded at GBX 182.28 ($2.27), with a volume of 55923846 shares trading hands. The stock had previously closed at GBX 183.98 ($2.29).

Wall Street Analysts Forecast Growth

BARC has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on shares of Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 220 ($2.74) target price on shares of Barclays in a research report on Tuesday, February 20th. Berenberg Bank raised their price target on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the company a "buy" rating in a research report on Tuesday, February 20th. Shore Capital reiterated a "buy" rating on shares of Barclays in a report on Thursday, February 29th. Finally, Peel Hunt initiated coverage on Barclays in a research report on Friday. They set a "buy" rating and a GBX 245 ($3.05) price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 240 ($2.99).

Barclays Trading Up 1.0 %

The firm has a fifty day moving average of GBX 172.65 and a two-hundred day moving average of GBX 154.74. The company has a market capitalization of £28.04 billion, a PE ratio of 677.41, a PEG ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

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