Barclays - BARC Share Forecast, Price & News

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. The company also engages in securities dealing activities; and issues credit cards. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.

Barclays Stock Up 1.6 %

BARC Stock traded up GBX 2.62 ($0.03) during trading on Friday, hitting GBX 171.60 ($2.07). The company had a trading volume of 50,561,177 shares, compared to its average volume of 55,779,066. The firm has a market capitalization of £27.93 billion and a P/E ratio of 572.00. Barclays has a 52-week low of GBX 140.06 ($1.69) and a 52-week high of GBX 219.60 ($2.65). The company has a 50 day simple moving average of GBX 158.35 and a 200-day simple moving average of GBX 164.18.

Barclays Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, August 11th will be paid a GBX 2.25 ($0.03) dividend. This represents a yield of 1.43%. The ex-dividend date is Thursday, August 11th. Barclays's dividend payout ratio is presently 20.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BARC shares. Jefferies Financial Group set a GBX 369 ($4.46) price target on shares of Barclays in a research report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft set a GBX 210 ($2.54) target price on shares of Barclays in a research report on Monday, May 30th. Royal Bank of Canada set a GBX 165 ($1.99) target price on shares of Barclays in a research report on Thursday, July 28th. Morgan Stanley restated an "equal weight" rating on shares of Barclays in a research report on Wednesday, May 11th. Finally, The Goldman Sachs Group set a GBX 290 ($3.50) target price on shares of Barclays in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Barclays currently has an average rating of "Hold" and a consensus target price of GBX 246.22 ($2.98).

Insider Buying and Selling

In related news, insider C.S. Venkatakrishnan sold 114,736 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of GBX 162 ($1.96), for a total value of £185,872.32 ($224,591.98).