Berenberg Bank Increases Barclays (LON:BARC) Price Target to GBX 280

Barclays (LON:BARC) had its target price hoisted by Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also recently commented on BARC. Peel Hunt assumed coverage on shares of Barclays in a research note on Friday, April 19th. They set a buy rating and a GBX 245 ($3.03) target price for the company. Royal Bank of Canada raised their price target 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 reissued a buy rating and set a GBX 220 ($2.72) price objective on shares of Barclays in a research report on Tuesday, February 20th. Shore Capital reissued a buy rating on shares of Barclays in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Barclays in a research note on Tuesday, March 12th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Barclays has a consensus rating of Buy and a consensus target price of GBX 242 ($2.99).

Barclays Stock Up 0.2 %

Shares of Barclays stock opened at GBX 204.35 ($2.52) on Thursday. The firm has a market cap of £30.84 billion, a PE ratio of 756.85, a P/E/G ratio of -1.09 and a beta of 1.38. Barclays has a twelve month low of GBX 128.12 ($1.58) and a twelve month high of GBX 206.70 ($2.55). The business has a 50-day moving average price of GBX 178.83 and a 200 day moving average price of GBX 156.43.

Barclays Increases Dividend

The business 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. The ex-dividend date was Thursday, February 29th. This represents a yield of 3.56%. This is a positive change from Barclays’s previous dividend of $2.70. Barclays’s dividend payout ratio (DPR) is currently 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.