Barclays (LON:BARC) Share Price Passes Above 200 Day Moving Average of $154.74

Barclays PLC (LON:BARC) shares crossed 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BARC shares. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Royal Bank of Canada boosted their target price on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the company an “outperform” rating in a report on Tuesday, February 27th. Berenberg Bank increased their price target on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 ($2.74) price objective on shares of Barclays in a research report on Tuesday, February 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 238.75 ($2.97).

Barclays Stock Performance

The company has a market cap of £27.58 billion, a price-to-earnings ratio of 681.41, a PEG ratio of -1.09 and a beta of 1.38. The company has a 50-day simple moving average of GBX 172.65 and a 200-day simple moving average of GBX 154.74.

Barclays Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, February 29th were issued a dividend of GBX 5.30 ($0.07) per share. This represents a 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 dividend 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.