Barclays (LON:BARC – Free Report) had its price objective hoisted by Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a research report report published on Thursday, Digital Look reports. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other analysts also recently weighed in on BARC. Jefferies Financial Group reiterated a buy rating and issued a GBX 220 ($2.72) price objective on shares of Barclays in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Barclays in a research note on Tuesday, March 12th. Shore Capital reiterated 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 report on Wednesday, January 31st. Finally, Peel Hunt started coverage on Barclays in a research report on Friday, April 19th. They issued a buy rating and a GBX 245 ($3.03) price objective on the stock. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of GBX 242 ($2.99).
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Barclays Price Performance
Barclays Increases Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 3.56%. The ex-dividend date 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.
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