Barclays (LON:BARC) Sets New 52-Week High at $207.85

Barclays PLC (LON:BARC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 207.85 ($2.61) and last traded at GBX 207.43 ($2.61), with a volume of 230363625 shares trading hands. The stock had previously closed at GBX 202.35 ($2.54).

Analysts Set New Price Targets

Several equities analysts recently issued reports on BARC shares. Berenberg Bank boosted their price objective on Barclays from GBX 270 ($3.39) to GBX 280 ($3.52) and gave the company a “buy” rating in a research report on Thursday, April 25th. Royal Bank of Canada upped their price target on Barclays from GBX 230 ($2.89) to GBX 265 ($3.33) and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Peel Hunt started coverage on Barclays in a research report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.08) price target for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 220 ($2.76) price target on shares of Barclays in a research report on Tuesday, February 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 242 ($3.04).

Barclays Trading Up 2.0 %

The company has a market cap of £30.95 billion, a P/E ratio of 778.27, a PEG ratio of -1.09 and a beta of 1.38. The business has a 50 day moving average price of GBX 183.80 and a 200-day moving average price of GBX 158.56.

Barclays Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, February 29th were paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 3.56%. This is a boost from Barclays’s previous dividend of $2.70. Barclays’s dividend payout ratio is currently 3,076.92%.

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.