Brokerages Set Barclays PLC (LON:BARC) PT at GBX 246.22

Shares of Barclays PLC (LON:BARCGet Rating) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, reports. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 246.22 ($3.02).

A number of research analysts have weighed in on BARC shares. JPMorgan Chase & Co. set a GBX 180 ($2.21) price target on Barclays in a research note on Thursday, July 28th. The Goldman Sachs Group set a GBX 290 ($3.55) price target on Barclays in a research note on Thursday, July 28th. Credit Suisse Group set a GBX 245 ($3.00) price target on Barclays in a research note on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft set a GBX 210 ($2.57) price objective on Barclays in a report on Monday, May 30th. Finally, UBS Group set a GBX 267 ($3.27) price target on Barclays in a report on Monday, June 27th.

Barclays Stock Up 0.9 %

BARC stock opened at GBX 164 ($2.01) on Wednesday. The business has a 50 day moving average price of GBX 158.38 and a two-hundred day moving average price of GBX 165.51. The company has a market cap of £26.69 billion and a price-to-earnings ratio of 468.57. Barclays has a twelve month low of GBX 140.06 ($1.72) and a twelve month high of GBX 219.60 ($2.69).

Barclays Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, August 11th will be paid a dividend of GBX 2.25 ($0.03) per share. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 11th. Barclays’s dividend payout ratio (DPR) is currently 17.14%.

Insider Transactions at Barclays

In other Barclays news, insider C.S. Venkatakrishnan sold 114,736 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of GBX 162 ($1.99), for a total transaction of £185,872.32 ($227,756.79).

About Barclays

(Get Rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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