Barclays (LON:BARC) Share Price Passes Above Two Hundred Day Moving Average of $153.71

Barclays PLC (LON:BARC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 153.71 ($1.95) and traded as high as GBX 190.94 ($2.42). Barclays shares last traded at GBX 189.48 ($2.40), with a volume of 44,439,060 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BARC. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research report on Thursday, February 29th. Jefferies Financial Group restated a "buy" rating and issued a GBX 220 ($2.78) price target on shares of Barclays in a research note on Tuesday, February 20th. Berenberg Bank boosted their price objective on Barclays from GBX 240 ($3.04) to GBX 270 ($3.42) and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Citigroup reiterated a "buy" rating on shares of Barclays in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Barclays in a research note on Tuesday, March 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 238.75 ($3.02).

Barclays Price Performance

The company has a market cap of £27.71 billion, a price-to-earnings ratio of 679.48, a P/E/G ratio of -1.09 and a beta of 1.38. The firm's 50 day simple moving average is GBX 168.33 and its 200-day simple moving average is GBX 153.71.

Barclays Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, February 29th were given a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, February 29th. This represents a yield of 3.56%. This is an increase from Barclays's previous dividend of $2.70. Barclays's dividend payout ratio (DPR) is presently 2,962.96%.

About Barclays

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.