Barclays (LON:BARC) Shares Pass Above 200-Day Moving Average of $154.74

Barclays PLC (LON:BARC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.74 ($1.93) and traded as high as GBX 183.98 ($2.29). Barclays shares last traded at GBX 183.98 ($2.29), with a volume of 31,339,684 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BARC shares. Citigroup reiterated a "buy" rating on shares of Barclays in a report on Wednesday, January 31st. Berenberg Bank raised their price objective on shares of Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a "buy" rating in a research note on Tuesday, February 20th. 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. Shore Capital reaffirmed a "buy" rating on shares of Barclays in a research note on Thursday, February 29th. Finally, Peel Hunt started coverage on shares of Barclays in a research note on Friday. They set a "buy" rating and a GBX 245 ($3.05) price objective on the stock. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 240 ($2.99).

Barclays Trading Up 1.0 %

The business has a fifty day simple moving average of GBX 173.52 and a two-hundred day simple moving average of GBX 154.95. The company has a market cap of £28.04 billion, a PE ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, February 29th were issued 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 positive change from Barclays's previous dividend of $2.70. Barclays's payout ratio is currently 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.