Barclays PLC (LON:BARC) Receives GBX 276 Consensus PT from Analysts

Shares of Barclays PLC (LON:BARC) have received an average rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 276 ($3.61).

Several research firms have weighed in on BARC. Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, September 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 270 ($3.53) price target on shares of Barclays in a report on Monday, September 9th. Finally, Shore Capital restated a “buy” rating on shares of Barclays in a research note on Wednesday, June 19th.

Insider Activity at Barclays

In other Barclays news, insider Dawn Fitzpatrick acquired 5,259 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of GBX 210 ($2.75) per share, with a total value of £11,043.90 ($14,453.47). In other news, insider Anna Cross sold 49,013 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.89), for a total transaction of £108,318.73 ($141,759.89). Also, insider Dawn Fitzpatrick bought 5,259 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of GBX 210 ($2.75) per share, with a total value of £11,043.90 ($14,453.47). 1.47% of the stock is owned by insiders.

Barclays Price Performance

LON:BARC opened at GBX 235.85 ($3.09) on Friday. The stock has a market cap of £34.29 billion, a PE ratio of 907.12, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. Barclays has a fifty-two week low of GBX 128.12 ($1.68) and a fifty-two week high of GBX 241.80 ($3.16). The stock’s 50-day moving average is GBX 223.81 and its two-hundred day moving average is GBX 214.32.

Barclays Cuts Dividend

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

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.