Barclays (LON:BARC) Earns “Buy” Rating from Citigroup

Citigroup reiterated their buy rating on shares of Barclays (LON:BARC) in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

Several other research firms have also recently issued reports on BARC. Royal Bank of Canada cut their price target on shares of Barclays from GBX 260 ($3.42) to GBX 250 ($3.29) and set an outperform rating for the company in a report on Thursday, June 13th. Berenberg Bank reissued a buy rating and issued a GBX 280 ($3.68) price target on shares of Barclays in a report on Thursday, May 16th. Jefferies Financial Group restated a buy rating and issued a GBX 335 ($4.40) price target on shares of Barclays in a research note on Tuesday, May 21st. Shore Capital reiterated a buy rating on shares of Barclays in a research report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 240 ($3.16) to GBX 270 ($3.55) and gave the stock an overweight rating in a research report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average price target of GBX 276 ($3.63).

Barclays Stock Up 0.3 %

BARC opened at GBX 223.70 ($2.94) on Monday. Barclays has a 52 week low of GBX 128.12 ($1.68) and a 52 week high of GBX 241.80 ($3.18). The business has a 50 day moving average price of GBX 222.81 and a two-hundred day moving average price of GBX 203.89. The company has a market cap of £32.79 billion, a PE ratio of 860.77, a P/E/G ratio of 1.32 and a beta of 1.40.

Barclays Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be issued a GBX 2.90 ($0.04) dividend. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.24%. Barclays’s dividend payout ratio (DPR) is 3,076.92%.

Insider Activity

In other Barclays news, insider Dawn Fitzpatrick purchased 5,259 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of GBX 210 ($2.76) per share, for a total transaction of £11,043.90 ($14,521.89). In related news, insider Anna Cross sold 53,422 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 203 ($2.67), for a total value of £108,446.66 ($142,599.16). Also, insider Dawn Fitzpatrick bought 5,259 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of GBX 210 ($2.76) per share, with a total value of £11,043.90 ($14,521.89). Company insiders own 1.46% of the company’s stock.

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.