Barclays (LON:BARC) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt started coverage on shares of Barclays (LON:BARC) in a report issued on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 245 ($3.05) price objective on the financial services provider’s stock.

BARC has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated an overweight rating on shares of Barclays in a report on Tuesday, March 12th. Berenberg Bank lifted their price target on shares of Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a buy rating in a report on Tuesday, February 20th. Royal Bank of Canada lifted their price target on shares of Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an outperform rating in a report on Tuesday, February 27th. Citigroup reiterated a buy rating on shares of Barclays in a report on Wednesday, January 31st. Finally, Shore Capital reiterated a buy rating on shares of Barclays in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of GBX 240 ($2.99).

Barclays Trading Up 1.0 %

LON:BARC opened at GBX 185.84 ($2.31) on Friday. The firm has a 50-day moving average price of GBX 173.52 and a two-hundred day moving average price of GBX 154.95. Barclays has a twelve month low of GBX 1.82 ($0.02) and a twelve month high of GBX 194.80 ($2.42). The company has a market capitalization of £28.04 billion, a P/E ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

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