Barclays (LON:BARC) Share Price Crosses Above 200 Day Moving Average of $154.74

Shares of Barclays PLC (LON:BARC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.74 ($1.93) and traded as high as GBX 183.98 ($2.29). Barclays shares last traded at GBX 183.98 ($2.29), with a volume of 31,339,684 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Berenberg Bank boosted their price objective on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, January 31st. Peel Hunt initiated coverage on shares of Barclays in a research note on Friday. They set a “buy” rating and a GBX 245 ($3.05) price target on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 220 ($2.74) price objective on shares of Barclays in a research report on Tuesday, February 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barclays presently has an average rating of “Buy” and an average price target of GBX 240 ($2.99).

Barclays Stock Up 1.0 %

The stock has a market cap of £28.04 billion, a P/E ratio of 688.30, a PEG ratio of -1.09 and a beta of 1.38. The stock has a fifty day simple moving average of GBX 173.52 and a 200-day simple moving average of GBX 154.95.

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 issued a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 3.56%. This is a boost from Barclays’s previous dividend of $2.70. Barclays’s payout ratio 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.