Barclays PLC (LON:BARC) Given Consensus Rating of “Buy” by Analysts

Barclays PLC (LON:BARC) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 240 ($2.96).

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a report on Tuesday, March 12th. Peel Hunt initiated coverage on Barclays in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) price objective for the company. Berenberg Bank upped their target price on shares of Barclays from GBX 270 ($3.33) to GBX 280 ($3.46) and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada increased their price objective on shares of Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the company an “outperform” rating in a report on Tuesday, February 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 220 ($2.72) price target on shares of Barclays in a report on Tuesday, February 20th.

Barclays Trading Down 0.9 %

Shares of BARC opened at GBX 202.25 ($2.50) on Friday. The firm has a market cap of £30.52 billion, a P/E ratio of 749.07, a PEG ratio of -1.09 and a beta of 1.38. Barclays has a 12 month low of GBX 128.12 ($1.58) and a 12 month high of GBX 206.70 ($2.55). The stock’s 50 day moving average is GBX 177.68 and its two-hundred day moving average is GBX 156.07.

Barclays Increases Dividend

The firm 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. This represents a yield of 3.56%. This is a positive change from Barclays’s previous dividend of $2.70. The ex-dividend date of this dividend was Thursday, February 29th. Barclays’s dividend payout ratio is presently 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.