Recent Analysts’ Ratings Updates for Barclays (BARC)

A number of firms have modified their ratings and price targets on shares of Barclays (LON: BARC) recently:

  • 2/27/2024 – Barclays had its price target raised by analysts at Royal Bank of Canada from GBX 230 ($2.92) to GBX 265 ($3.36). They now have an “outperform” rating on the stock.
  • 2/22/2024 – Barclays had its price target raised by analysts at JPMorgan Chase & Co. from GBX 180 ($2.28) to GBX 200 ($2.54). They now have an “overweight” rating on the stock.
  • 2/20/2024 – Barclays had its price target raised by analysts at Berenberg Bank from GBX 240 ($3.04) to GBX 270 ($3.42). They now have a “buy” rating on the stock.
  • 2/20/2024 – Barclays had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a GBX 220 ($2.79) price target on the stock.
  • 2/20/2024 – Barclays had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 2/9/2024 – Barclays had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 1/31/2024 – Barclays had its “buy” rating reaffirmed by analysts at Citigroup Inc..
  • 1/25/2024 – Barclays had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.04) price target on the stock.

Barclays Price Performance

BARC stock traded up GBX 2.04 ($0.03) during midday trading on Wednesday, hitting GBX 168.90 ($2.14). 43,222,441 shares of the stock traded hands, compared to its average volume of 48,521,910. Barclays PLC has a 1-year low of GBX 128.12 ($1.63) and a 1-year high of GBX 198.86 ($2.52). The stock’s fifty day simple moving average is GBX 150.04 and its 200-day simple moving average is GBX 147.40. The firm has a market cap of £25.62 billion, a P/E ratio of 625.56, a PEG ratio of -1.09 and a beta of 1.37.

Barclays Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Thursday, February 29th will be paid a GBX 5.30 ($0.07) dividend. The ex-dividend date is Thursday, February 29th. This is a positive change from Barclays’s previous dividend of $2.70. This represents a dividend yield of 3.56%. Barclays’s payout ratio is currently 2,962.96%.

Insider Transactions at Barclays

In related news, insider Anna Cross sold 74,044 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 143 ($1.81), for a total transaction of £105,882.92 ($134,301.01). In other Barclays news, insider Anna Cross sold 74,044 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of GBX 143 ($1.81), for a total value of £105,882.92 ($134,301.01). Also, insider Nigel Higgins purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of GBX 139 ($1.76) per share, for a total transaction of £278,000 ($352,612.89). Corporate insiders own 0.23% of the company’s stock.

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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