Barclays PLC (LON:BARC – Get Free Report)’s share price reached a new 52-week low on Friday . The stock traded as low as GBX 1.82 ($0.02) and last traded at GBX 182.28 ($2.27), with a volume of 55923846 shares trading hands. The stock had previously closed at GBX 183.98 ($2.29).
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, January 31st. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Berenberg Bank increased their price target 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 restated a “buy” rating and set a GBX 220 ($2.74) price target on shares of Barclays in a research note on Tuesday, February 20th. 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 target on the stock. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Barclays has an average rating of “Buy” and an average price target of GBX 240 ($2.99).
Get Our Latest Stock Analysis on BARC
Barclays Stock Performance
Barclays Increases Dividend
The company 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 is an increase from Barclays’s previous dividend of $2.70. This represents a dividend yield of 3.56%. The ex-dividend date was Thursday, February 29th. 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.
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