Numis Securities initiated coverage on shares of Barclays (LON:BARC) in a research report released on Tuesday, February 5th. The firm issued a hold rating and a GBX 160 ($2.09) target price on the financial services provider’s stock.
Other research analysts have also issued research reports about the stock. Morgan Stanley set a GBX 200 ($2.61) target price on shares of Barclays and gave the company a neutral rating in a research note on Monday, February 4th. Deutsche Bank reissued a buy rating and set a GBX 207 ($2.70) price objective (down previously from GBX 207 ($2.70)) on shares of Barclays in a research note on Monday, February 4th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price objective on shares of Barclays and gave the stock a buy rating in a research note on Monday, January 28th. Credit Suisse Group reduced their price objective on shares of Barclays from GBX 210 ($2.74) to GBX 190 ($2.48) and set an outperform rating on the stock in a research note on Friday, January 25th. Finally, Goldman Sachs Group lifted their price objective on shares of Barclays from GBX 210 ($2.74) to GBX 215 ($2.81) and gave the stock a neutral rating in a research note on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 214.29 ($2.80).
BARC traded down GBX 1.66 ($0.02) during midday trading on Tuesday, hitting GBX 162.50 ($2.12). The company had a trading volume of 37,978,418 shares, compared to its average volume of 50,310,000. Barclays has a twelve month low of GBX 177.30 ($2.32) and a twelve month high of GBX 235.35 ($3.08).
The firm also recently disclosed a dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, February 28th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, February 28th. This is an increase from Barclays’s previous dividend of $2.50. This represents a dividend yield of 2.49%.
In other news, insider Tristram Roberts bought 91,843 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of GBX 157 ($2.05) per share, for a total transaction of £144,193.51 ($188,414.36). Also, insider Michael Ashley acquired 33,890 shares of Barclays stock in a transaction on Friday, December 21st. The shares were bought at an average cost of GBX 148 ($1.93) per share, with a total value of £50,157.20 ($65,539.27).
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 personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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