Barclays PLC (LON:BARC) Given Average Rating of “Buy” by Analysts

Shares of Barclays PLC (LON:BARC) have been assigned an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 238.75 ($2.97).

BARC has been the topic of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Berenberg Bank boosted their price objective on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 220 ($2.74) target price on shares of Barclays in a research report on Tuesday, February 20th.

Barclays Price Performance

Barclays stock opened at GBX 183.98 ($2.29) on Friday. Barclays has a one year low of GBX 128.12 ($1.59) and a one year high of GBX 194.80 ($2.42). The stock’s fifty day moving average price is GBX 172.65 and its two-hundred day moving average price is GBX 154.74. The firm has a market cap of £27.76 billion, a PE ratio of 681.41, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were issued a dividend of GBX 5.30 ($0.07) per share. This is a positive change from Barclays’s previous dividend of $2.70. This represents a yield of 3.56%. The ex-dividend date was Thursday, February 29th. Barclays’s payout ratio is currently 2,962.96%.

Barclays Company Profile

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.