Analysts Set Barclays PLC (LON:BARC) Target Price at GBX 276

Barclays PLC (LON:BARC) has earned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 276 ($3.55).

A number of research analysts have weighed in on BARC shares. JPMorgan Chase & Co. boosted their target price on shares of Barclays from GBX 240 ($3.09) to GBX 270 ($3.47) and gave the stock an “overweight” rating in a research report on Wednesday, July 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 280 ($3.60) target price on shares of Barclays in a research note on Thursday, May 16th. Citigroup reaffirmed a “top pick” rating on shares of Barclays in a research note on Monday, July 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 335 ($4.31) price objective on shares of Barclays in a research note on Tuesday, May 21st. Finally, Peel Hunt started coverage on shares of Barclays in a research report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.15) target price on the stock.

Insider Transactions at Barclays

In other news, insider Anna Cross sold 53,422 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 203 ($2.61), for a total transaction of £108,446.66 ($139,499.18). 1.43% of the stock is currently owned by corporate insiders.

Barclays Price Performance

Barclays stock opened at GBX 217.65 ($2.80) on Friday. The firm has a market cap of £32.54 billion, a price-to-earnings ratio of 857.31, a P/E/G ratio of -1.09 and a beta of 1.35. Barclays has a fifty-two week low of GBX 128.12 ($1.65) and a fifty-two week high of GBX 241.80 ($3.11). The firm has a fifty day moving average price of GBX 217.93 and a two-hundred day moving average price of GBX 190.71.

Barclays Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be paid a GBX 2.90 ($0.04) dividend. This represents a yield of 1.24%. The ex-dividend date is Thursday, August 15th. Barclays’s dividend payout ratio is currently 3,076.92%.

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.