Barclays PLC (LON:BARC) Receives GBX 238.75 Average PT from Analysts

Shares of Barclays PLC (LON:BARC) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 240 ($2.99).

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a report on Tuesday, March 12th. Berenberg Bank lifted their price target on shares of Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the company a “buy” rating in a report on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 220 ($2.74) price target on shares of Barclays in a report on Tuesday, February 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th.

Barclays Trading Down 0.9 %

Shares of Barclays stock opened at GBX 182.28 ($2.27) on Friday. The firm has a market capitalization of £27.51 billion, a PE ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. The firm’s 50 day moving average is GBX 173.52 and its 200 day moving average is GBX 154.96. Barclays has a 1 year low of GBX 1.82 ($0.02) and a 1 year high of GBX 194.80 ($2.42).

Barclays Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, February 29th were given a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date was Thursday, February 29th. This is an increase from Barclays’s previous dividend of $2.70. This represents a yield of 3.56%. Barclays’s dividend payout ratio (DPR) 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.