Barclays (BARC) Sets New 12-Month Low at $172.42
Barclays PLC (LON:BARC)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 172.42 ($2.22) and last traded at GBX 174.50 ($2.25), with a volume of 45282784 shares changing hands. The stock had previously closed at GBX 176.20 ($2.27).
Several equities analysts recently issued reports on BARC shares. JPMorgan Chase & Co. set a GBX 250 ($3.22) price target on Barclays and gave the company a “buy” rating in a research note on Thursday, May 17th. Credit Suisse Group set a GBX 235 ($3.03) price target on Barclays and gave the company a “buy” rating in a research note on Thursday, July 19th. Deutsche Bank lowered their price target on Barclays from GBX 245 ($3.16) to GBX 189.70 ($2.45) and set a “buy” rating on the stock in a research note on Monday, July 16th. UBS Group set a GBX 240 ($3.10) price target on Barclays and gave the company a “buy” rating in a research note on Monday, June 11th. Finally, HSBC boosted their price target on Barclays from GBX 240 ($3.10) to GBX 260 ($3.35) and gave the company a “buy” rating in a research note on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 227.37 ($2.93).
The business also recently disclosed a dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 9th will be paid a GBX 2.50 ($0.03) dividend. This is a positive change from Barclays’s previous dividend of $2.00. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, August 9th.
About Barclays (LON:BARC)
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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