Barclays (LON:BARC) Sets New 52-Week Low at $1.82

Shares of Barclays PLC (LON:BARC) reached a new 52-week low during trading on Friday . The company traded as low as GBX 1.82 ($0.02) and last traded at GBX 182.28 ($2.27), with a volume of 55923846 shares. The stock had previously closed at GBX 183.98 ($2.29).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 220 ($2.74) price target on shares of Barclays in a report on Tuesday, February 20th. Citigroup restated a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, February 29th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research note on Tuesday, March 12th. Finally, Berenberg Bank upped their target price on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Barclays has an average rating of “Buy” and a consensus price target of GBX 240 ($2.99).

Barclays Stock Performance

The stock has a market capitalization of £27.51 billion, a P/E ratio of 677.41, a P/E/G ratio of -1.09 and a beta of 1.38. The stock has a 50 day moving average of GBX 172.65 and a 200 day moving average of GBX 154.74.

Barclays Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, February 29th were given a GBX 5.30 ($0.07) dividend. 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%.

Barclays Company Profile

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.