Barclays PLC (LON:BARC)’s share price traded up 0.7% during mid-day trading on Wednesday after Morgan Stanley raised their price target on the stock from GBX 215 to GBX 225. Morgan Stanley currently has an equal weight rating on the stock. Barclays traded as high as GBX 215.80 ($2.98) and last traded at GBX 213.50 ($2.95). 57,411,021 shares changed hands during trading, an increase of 35% from the average session volume of 42,410,000 shares. The stock had previously closed at GBX 212 ($2.93).
Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 240 ($3.32) price objective on shares of Barclays in a report on Friday, February 23rd. Citigroup reissued a “sell” rating and set a GBX 150 ($2.07) price objective on shares of Barclays in a report on Friday, February 23rd. Cfra set a GBX 270 ($3.73) price objective on shares of Barclays and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group set a GBX 225 ($3.11) price objective on shares of Barclays and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada set a GBX 215 ($2.97) price objective on shares of Barclays and gave the company a “neutral” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Barclays presently has a consensus rating of “Hold” and an average target price of GBX 221.79 ($3.06).
In related news, insider Mike Turner acquired 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of GBX 210 ($2.90) per share, for a total transaction of £21,000 ($29,013.54).
The firm also recently announced a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 1st will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Barclays’s previous dividend of $1.00. This represents a yield of 0.95%.
Barclays Company Profile
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.