Barclays (LON:BARC) Sets New 52-Week High at $196.88

Shares of Barclays PLC (LON:BARC) reached a new 52-week high on Thursday . The company traded as high as GBX 196.88 ($2.43) and last traded at GBX 196.40 ($2.43), with a volume of 870737938 shares. The stock had previously closed at GBX 191.14 ($2.36).

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 220 ($2.72) target price on shares of Barclays in a research report on Tuesday, February 20th. Shore Capital restated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Royal Bank of Canada boosted their target price on Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Finally, Citigroup restated a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 240 ($2.96).

Barclays Stock Up 4.4 %

The business has a fifty day moving average of GBX 176.46 and a 200 day moving average of GBX 155.73. The firm has a market cap of £30.11 billion, a P/E ratio of 740.93, a P/E/G 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. Investors of record on Thursday, February 29th were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 3.56%. The ex-dividend date was Thursday, February 29th. This is an increase 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.