Barclays (LON:BARC) Earns Buy Rating from Analysts at Peel Hunt

Peel Hunt assumed coverage on shares of Barclays (LON:BARC) in a report released on Friday, Marketbeat reports. The firm issued a buy rating and a GBX 245 ($3.05) price objective on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated an overweight rating on shares of Barclays in a research note on Tuesday, March 12th. Citigroup restated a buy rating on shares of Barclays in a research note on Wednesday, January 31st. Berenberg Bank boosted their price target 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. Royal Bank of Canada boosted their price target on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an outperform rating in a research note on Tuesday, February 27th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 220 ($2.74) price target on shares of Barclays in a research note on Tuesday, February 20th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of GBX 240 ($2.99).

Barclays Trading Down 0.9 %

Shares of LON:BARC opened at GBX 182.28 ($2.27) on Friday. The stock has a fifty day simple moving average of GBX 173.52 and a two-hundred day simple moving average of GBX 154.96. The stock has a market capitalization of £27.51 billion, a price-to-earnings ratio of 688.30, a PEG ratio of -1.09 and a beta of 1.38. Barclays has a 12-month low of GBX 1.82 ($0.02) and a 12-month high of GBX 194.80 ($2.42).

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