Barclays (LON:BARC) Sets New 1-Year High at $184.14

Barclays PLC (LON:BARCGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 184.14 ($2.33) and last traded at GBX 183.48 ($2.32), with a volume of 4405239 shares traded. The stock had previously closed at GBX 181.52 ($2.29).

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Barclays from GBX 230 ($2.91) to GBX 265 ($3.35) and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Citigroup reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Berenberg Bank upped their target price on shares of Barclays from GBX 240 ($3.03) to GBX 270 ($3.41) and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 238.75 ($3.02).

Check Out Our Latest Analysis on Barclays

Barclays Stock Performance

The stock has a fifty day simple moving average of GBX 161.73 and a 200-day simple moving average of GBX 152.03. The stock has a market cap of £27.66 billion, a P/E ratio of 678.52, a PEG ratio of -1.09 and a beta of 1.38.

Barclays Increases Dividend

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

About Barclays

(Get Free Report)

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.

Further Reading

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