Deutsche Bank set a GBX 240 ($3.14) target price on Barclays (LON:BARC) in a research report report published on Friday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group set a GBX 266 ($3.48) target price on Barclays and gave the company a buy rating in a report on Friday, July 20th. Credit Suisse Group set a GBX 235 ($3.07) target price on Barclays and gave the company a buy rating in a report on Thursday, July 19th. JPMorgan Chase & Co. set a GBX 250 ($3.27) target price on Barclays and gave the company a buy rating in a report on Wednesday, July 11th. Cfra set a GBX 250 ($3.27) target price on Barclays and gave the company a buy rating in a report on Thursday, August 2nd. Finally, Shore Capital reaffirmed a buy rating on shares of Barclays in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 229.50 ($3.00).
Shares of BARC stock traded down GBX 3 ($0.04) during trading hours on Friday, reaching GBX 165 ($2.16). The company’s stock had a trading volume of 66,516,750 shares, compared to its average volume of 50,310,000. Barclays has a fifty-two week low of GBX 177.30 ($2.32) and a fifty-two week high of GBX 235.35 ($3.08).
The company also recently disclosed a dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 9th were issued a dividend of GBX 2.50 ($0.03) per share. This is an increase from Barclays’s previous dividend of $2.00. The ex-dividend date of this dividend was Thursday, August 9th. This represents a dividend yield of 1.32%.
In other news, insider Mary Anne Citrino acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were bought at an average price of GBX 176 ($2.30) per share, with a total value of £3,520 ($4,599.50). Also, insider James E. Staley acquired 168,860 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were purchased at an average cost of GBX 174 ($2.27) per share, for a total transaction of £293,816.40 ($383,923.17). In the last three months, insiders have purchased 224,719 shares of company stock worth $39,966,850.
Barclays Company Profile
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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