Barclays (LON:BARC) Given a GBX 290 Price Target by The Goldman Sachs Group Analysts

The Goldman Sachs Group set a GBX 290 ($3.49) price objective on Barclays (LON:BARCGet Rating) in a research report sent to investors on Thursday morning, Borsen Zeitung reports.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group set a GBX 245 ($2.95) price objective on Barclays in a research note on Tuesday, July 5th. Morgan Stanley restated an equal weight rating on shares of Barclays in a research note on Wednesday, May 11th. Jefferies Financial Group set a GBX 369 ($4.45) target price on Barclays in a research report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft set a GBX 210 ($2.53) target price on Barclays in a research report on Monday, May 30th. Finally, UBS Group set a GBX 267 ($3.22) target price on Barclays in a research report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from, the company currently has a consensus rating of Hold and an average target price of GBX 246.22 ($2.97).

Barclays Stock Up 4.5 %

Shares of LON BARC opened at GBX 157.18 ($1.89) on Thursday. Barclays has a fifty-two week low of GBX 140.06 ($1.69) and a fifty-two week high of GBX 219.60 ($2.65). The business has a 50 day moving average price of GBX 158.64 and a two-hundred day moving average price of GBX 166.66. The firm has a market cap of £25.95 billion and a PE ratio of 449.09.

Barclays Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 2.25 ($0.03) per share. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 11th. Barclays’s payout ratio is currently 17.14%.

Insider Buying and Selling at Barclays

In other news, insider C.S. Venkatakrishnan sold 114,736 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of GBX 162 ($1.95), for a total value of £185,872.32 ($223,942.55).

Barclays Company Profile

(Get Rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through 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.

Further Reading

Analyst Recommendations for Barclays (LON:BARC)

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