Barclays (LON:BARC) Earns Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research note issued to investors on Thursday morning, Marketbeat reports.

A number of other research firms have also recently commented on BARC. Citigroup reissued a “buy” rating on shares of Barclays in a research note on Monday, September 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 270 ($3.51) price objective on shares of Barclays in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays presently has a consensus rating of “Buy” and an average price target of GBX 276 ($3.58).

Barclays Stock Performance

Barclays stock opened at GBX 241.40 ($3.13) on Thursday. The stock has a market capitalization of £35.03 billion, a P/E ratio of 928.46, a P/E/G ratio of 1.15 and a beta of 1.36. The company’s fifty day moving average price is GBX 228.26 and its 200 day moving average price is GBX 217.61. Barclays has a 1 year low of GBX 128.12 ($1.66) and a 1 year high of GBX 251.30 ($3.26).

Barclays Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were given a GBX 2.90 ($0.04) dividend. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, August 15th. Barclays’s dividend payout ratio (DPR) is 3,076.92%.

Insider Buying and Selling

In related news, insider Brian Gilvary sold 109,404 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.23), for a total transaction of £272,415.96 ($353,695.09). In related news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of GBX 249 ($3.23), for a total transaction of £272,415.96 ($353,695.09). Also, insider Anna Cross sold 49,013 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total value of £108,318.73 ($140,637.15). 1.47% of the stock is currently owned by company insiders.

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.