Barclays PLC (LON:BARC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Barclays PLC (LON:BARC) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 238.75 ($2.97).

BARC has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, January 31st. Berenberg Bank raised their target price on Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada raised their target price on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th.

Barclays Stock Up 2.2 %

LON BARC opened at GBX 183.98 ($2.29) on Friday. The stock has a market cap of £27.76 billion, a PE ratio of 681.41, a P/E/G ratio of -1.09 and a beta of 1.38. Barclays has a fifty-two week low of GBX 128.12 ($1.59) and a fifty-two week high of GBX 194.80 ($2.42). The business has a 50 day moving average price of GBX 172.65 and a two-hundred day moving average price of GBX 154.74.

Barclays Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, February 29th were paid a GBX 5.30 ($0.07) dividend. This represents a dividend yield of 3.56%. This is an increase from Barclays’s previous dividend of $2.70. The ex-dividend date of this dividend was Thursday, February 29th. Barclays’s dividend payout ratio (DPR) is presently 2,962.96%.

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.