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

Barclays PLC (LON:BARC) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 240 ($2.96).

BARC has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 ($2.72) price objective on shares of Barclays in a report on Tuesday, February 20th. Shore Capital reissued a “buy” rating on shares of Barclays in a report on Thursday, February 29th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research note on Wednesday, January 31st. Finally, 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 on the stock.

Barclays Stock Performance

LON:BARC opened at GBX 191.46 ($2.36) on Friday. The stock has a market cap of £28.89 billion, a price-to-earnings ratio of 712.00, a PEG ratio of -1.09 and a beta of 1.38. Barclays has a 1 year low of GBX 128.12 ($1.58) and a 1 year high of GBX 194.80 ($2.41). The business has a fifty day moving average of GBX 175.48 and a 200-day moving average of GBX 155.48.

Barclays Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were given a GBX 5.30 ($0.07) dividend. This is a positive change from Barclays’s previous dividend of $2.70. The ex-dividend date of this dividend was Thursday, February 29th. This represents a 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.