Investec Lowers Barclays (BARC) to Hold

Investec cut shares of Barclays (LON:BARC) to a hold rating in a research note released on Tuesday morning. They currently have GBX 225 ($3.11) price target on the financial services provider’s stock, up from their prior price target of GBX 215 ($2.97).

Other analysts have also issued reports about the company. JPMorgan Chase & Co. set a GBX 240 ($3.32) price target on Barclays and gave the company a buy rating in a report on Wednesday, November 29th. HSBC restated a buy rating and issued a GBX 240 ($3.32) price target on shares of Barclays in a report on Wednesday, November 29th. UBS restated a buy rating on shares of Barclays in a report on Tuesday, November 28th. Shore Capital reiterated a buy rating on shares of Barclays in a report on Tuesday, November 28th. Finally, Credit Suisse Group set a GBX 230 ($3.18) target price on Barclays and gave the stock a buy rating in a report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 225.89 ($3.12).

Shares of Barclays (LON BARC) opened at GBX 204.35 ($2.82) on Tuesday. The company has a market capitalization of $35,750.00 and a PE ratio of 2,043.50. Barclays has a twelve month low of GBX 177.30 ($2.45) and a twelve month high of GBX 235.35 ($3.25).

The firm also recently declared a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 1st will be given a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.95%. The ex-dividend date is Thursday, March 1st. This is an increase from Barclays’s previous dividend of $1.00.

In other Barclays news, insider Mike Turner purchased 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of GBX 210 ($2.90) per share, with a total value of £21,000 ($29,013.54).

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About Barclays

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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