Barclays’ (BARC) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Barclays (LON:BARCFree Report) in a research report sent to investors on Thursday, MarketBeat Ratings reports.

BARC has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of Barclays from GBX 230 ($2.92) to GBX 265 ($3.36) and gave the company an outperform rating in a report on Tuesday. Berenberg Bank boosted their price objective on shares of Barclays from GBX 240 ($3.04) to GBX 270 ($3.42) and gave the company a buy rating in a report on Tuesday, February 20th. Jefferies Financial Group reissued a buy rating and issued a GBX 220 ($2.79) price objective on shares of Barclays in a report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Barclays from GBX 180 ($2.28) to GBX 200 ($2.54) and gave the company an overweight rating in a report on Thursday, February 22nd. Finally, Citigroup restated a buy rating on shares of Barclays in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Barclays currently has an average rating of Buy and an average price target of GBX 238.60 ($3.03).

Check Out Our Latest Stock Report on Barclays

Barclays Stock Performance

Shares of BARC stock opened at GBX 170.32 ($2.16) on Thursday. The company has a market capitalization of £25.84 billion, a price-to-earnings ratio of 623.19, a PEG ratio of -1.09 and a beta of 1.37. The company has a 50-day simple moving average of GBX 150.65 and a 200 day simple moving average of GBX 147.67. Barclays has a 52 week low of GBX 128.12 ($1.63) and a 52 week high of GBX 198.86 ($2.52).

Barclays Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th will be given a GBX 5.30 ($0.07) dividend. This is a boost from Barclays’s previous dividend of $2.70. This represents a yield of 3.56%. The ex-dividend date is Thursday, February 29th. Barclays’s dividend payout ratio is 2,962.96%.

Insider Buying and Selling at Barclays

In other Barclays news, insider Nigel Higgins purchased 200,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of GBX 139 ($1.76) per share, for a total transaction of £278,000 ($352,612.89). In other news, insider Nigel Higgins acquired 200,000 shares of Barclays stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of GBX 139 ($1.76) per share, with a total value of £278,000 ($352,612.89). Also, insider Anna Cross sold 74,044 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 143 ($1.81), for a total transaction of £105,882.92 ($134,301.01). Corporate insiders own 0.23% of the company’s stock.

Barclays Company Profile

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Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two segments, 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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Analyst Recommendations for Barclays (LON:BARC)

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