Barclays PLC (LON:BARC) Receives GBX 238.75 Average Target Price from Brokerages

Shares of Barclays PLC (LON:BARC - Get Free Report) have been given an average recommendation of "Buy" by the seven research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 240 ($2.99).

Several analysts have commented on BARC shares. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 220 ($2.74) price objective on shares of Barclays in a research note on Tuesday, February 20th. Citigroup reiterated a "buy" rating on shares of Barclays in a research report on Wednesday, January 31st. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Barclays in a research report on Tuesday, March 12th. Shore Capital reiterated a "buy" rating on shares of Barclays in a research report on Thursday, February 29th. Finally, Royal Bank of Canada boosted their target price on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an "outperform" rating in a research report on Tuesday, February 27th.

Barclays Trading Up 1.0 %

BARC traded up GBX 1.86 ($0.02) on Friday, hitting GBX 185.84 ($2.31). 44,243,055 shares of the company were exchanged, compared to its average volume of 56,798,141. Barclays has a twelve month low of GBX 1.82 ($0.02) and a twelve month high of GBX 194.80 ($2.42). The company has a market cap of £28.04 billion, a price-to-earnings ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. The firm has a 50-day moving average price of GBX 173.52 and a two-hundred day moving average price of GBX 154.95.

Barclays Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were paid a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 3.56%. The ex-dividend date was Thursday, February 29th. This is a boost from Barclays's previous dividend of $2.70. Barclays's 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.