Shore Capital Reaffirms Buy Rating for Barclays (LON:BARC)

Shore Capital reissued their buy rating on shares of Barclays (LON:BARC) in a research report report published on Thursday morning, Marketbeat reports.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 270 ($3.51) price objective on shares of Barclays in a research report on Monday, September 9th. Citigroup reissued a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 276 ($3.58).

Barclays Stock Performance

Shares of LON:BARC opened at GBX 242.17 ($3.14) on Thursday. Barclays has a 52 week low of GBX 128.12 ($1.66) and a 52 week high of GBX 251.30 ($3.26). The company has a market capitalization of £35.14 billion, a PE ratio of 928.46, a PEG ratio of 1.15 and a beta of 1.36. The company has a 50 day moving average price of GBX 228.26 and a two-hundred day moving average price of GBX 217.81.

Barclays Cuts Dividend

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

Insider Activity at Barclays

In related news, insider Brian Gilvary sold 109,404 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.23), for a total value of £272,415.96 ($353,695.09). In other Barclays news, insider Anna Cross sold 49,013 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.87), for a total value of £108,318.73 ($140,637.15). Also, insider Brian Gilvary sold 109,404 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.23), for a total transaction of £272,415.96 ($353,695.09). 1.47% of the stock is owned by insiders.

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.