Barclays (LON:BARC) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Barclays (LON:BARCGet Rating) in a research report sent to investors on Wednesday, Marketbeat reports. Berenberg Bank currently has a GBX 260 ($3.38) target price on the financial services provider’s stock.

Several other brokerages have also recently commented on BARC. UBS Group set a GBX 260 ($3.38) target price on Barclays in a research report on Thursday, February 24th. JPMorgan Chase & Co. set a GBX 170 ($2.21) target price on Barclays in a research report on Monday, April 4th. Morgan Stanley reaffirmed an equal weight rating on shares of Barclays in a research report on Wednesday, March 9th. Royal Bank of Canada set a GBX 190 ($2.47) price objective on Barclays in a research note on Tuesday, April 5th. Finally, Shore Capital reiterated a buy rating on shares of Barclays in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of GBX 239.50 ($3.12).

Shares of BARC stock opened at GBX 148.90 ($1.94) on Wednesday. The stock has a market cap of £24.96 billion and a P/E ratio of 4.07. Barclays has a one year low of GBX 140.06 ($1.82) and a one year high of GBX 219.60 ($2.86). The stock has a fifty day moving average price of GBX 165.85 and a 200 day moving average price of GBX 184.90.

The firm also recently announced a dividend, which was paid on Tuesday, April 5th. Stockholders of record on Thursday, March 3rd were paid a GBX 4 ($0.05) dividend. The ex-dividend date was Thursday, March 3rd. This is a positive change from Barclays’s previous dividend of $2.00. This represents a dividend yield of 2.1%. Barclays’s dividend payout ratio (DPR) is 0.08%.

About Barclays (Get Rating)

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.

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Analyst Recommendations for Barclays (LON:BARC)

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