Goldman Sachs Group Reiterates “Neutral” Rating for Barclays (LON:BARC)

Goldman Sachs Group reaffirmed their neutral rating on shares of Barclays (LON:BARC) in a research note published on Thursday, Borsen Zeitung reports. The firm currently has a GBX 190 ($2.48) price objective on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Societe Generale reiterated a buy rating on shares of Barclays in a research report on Tuesday, September 10th. Morgan Stanley reiterated an equal weight rating on shares of Barclays in a research report on Friday, July 26th. Deutsche Bank reiterated a buy rating and set a GBX 170 ($2.22) price objective on shares of Barclays in a research report on Thursday. JPMorgan Chase & Co. set a GBX 220 ($2.87) price objective on shares of Barclays and gave the stock a buy rating in a research report on Monday. Finally, HSBC lowered their price objective on shares of Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a buy rating for the company in a research report on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 193.67 ($2.53).

BARC stock traded up GBX 1 ($0.01) during trading on Thursday, reaching GBX 165 ($2.16). 49,821,119 shares of the company were exchanged, compared to its average volume of 50,310,000. The company has a 50-day moving average of GBX 147.30 and a two-hundred day moving average of GBX 153.12. The company has a market capitalization of $28.49 billion and a price-to-earnings ratio of 9.22. Barclays has a twelve month low of GBX 131.04 ($1.71) and a twelve month high of GBX 181 ($2.37).

The firm also recently declared a dividend, which was paid on Monday, September 23rd. Shareholders of record on Thursday, August 8th were given a GBX 3 ($0.04) dividend. This represents a yield of 1.95%. The ex-dividend date of this dividend was Thursday, August 8th. Barclays’s dividend payout ratio (DPR) is currently 0.39%.

In other Barclays news, insider Nigel Higgins purchased 10,092 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of GBX 153 ($2.00) per share, for a total transaction of £15,440.76 ($20,176.09).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

Read More: High-Yield Dividend Stocks

Analyst Recommendations for Barclays (LON:BARC)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with's FREE daily email newsletter.