Shares of Barclays PLC (LON:BARC – Get Free Report) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 240 ($2.96).
A number of analysts recently commented on the company. Peel Hunt assumed coverage on Barclays in a research report on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) target price for the company. Royal Bank of Canada boosted their price objective on 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. Citigroup reiterated a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Berenberg Bank boosted their price target on shares of Barclays from GBX 270 ($3.33) to GBX 280 ($3.46) and gave the company a “buy” rating in a research note on Thursday. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, February 29th.
Get Our Latest Stock Analysis on Barclays
Barclays Trading Down 0.9 %
Barclays Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 3rd. Stockholders 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 a boost from Barclays’s previous dividend of $2.70. This represents a dividend yield of 3.56%. Barclays’s payout ratio is 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.
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