Analysts Set Barclays PLC (BARC) Price Target at $220.21

Shares of Barclays PLC (LON:BARC) have received an average rating of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 220.21 ($2.88).

A number of equities research analysts recently commented on the company. Credit Suisse Group lowered their price target on Barclays from GBX 210 ($2.74) to GBX 190 ($2.48) and set an “outperform” rating for the company in a research report on Friday, January 25th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price target on Barclays and gave the company a “buy” rating in a research report on Thursday, February 21st. HSBC lowered their price target on Barclays from GBX 270 ($3.53) to GBX 240 ($3.14) and set a “buy” rating for the company in a research report on Friday, January 18th. Royal Bank of Canada reissued a “sector performer” rating and issued a GBX 220 ($2.87) price target on shares of Barclays in a research report on Thursday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 220 ($2.87) price target on shares of Barclays in a research report on Monday, March 25th.

Shares of LON:BARC opened at GBX 154.68 ($2.02) on Wednesday. Barclays has a twelve month low of GBX 145 ($1.89) and a twelve month high of GBX 219.10 ($2.86). The company has a market cap of $26.50 billion and a PE ratio of 16.81.

The firm also recently declared a dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, February 28th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, February 28th. This represents a dividend yield of 2.49%. This is a boost from Barclays’s previous dividend of $2.50. Barclays’s dividend payout ratio (DPR) is presently 0.76%.

About Barclays

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.

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Analyst Recommendations for Barclays (LON:BARC)

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