Deutsche Bank set a GBX 250 ($3.53) price target on Barclays (LON:BARC) in a report published on Wednesday. The firm currently has a buy rating on the financial services provider’s stock.
A number of other research firms have also recently issued reports on BARC. Morgan Stanley lifted their target price on Barclays from GBX 215 ($3.04) to GBX 225 ($3.18) and gave the company an equal weight rating in a research report on Tuesday, February 27th. Goldman Sachs set a GBX 190 ($2.69) target price on Barclays and gave the company a sell rating in a research report on Thursday, February 22nd. Investec cut Barclays to a hold rating and lifted their target price for the company from GBX 215 ($3.04) to GBX 225 ($3.18) in a research report on Tuesday, March 20th. UBS lifted their target price on Barclays from GBX 225 ($3.18) to GBX 245 ($3.46) and gave the company a buy rating in a research report on Monday, March 5th. Finally, Royal Bank of Canada set a GBX 215 ($3.04) target price on Barclays and gave the company a neutral rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 226.95 ($3.21).
Barclays stock opened at GBX 213.35 ($3.02) on Wednesday. Barclays has a 12-month low of GBX 177.30 ($2.51) and a 12-month high of GBX 235.35 ($3.33).
The company also recently declared a dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 1st were issued a dividend of GBX 2 ($0.03) per share. This is a boost from Barclays’s previous dividend of $1.00. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, March 1st.
In other news, insider Mike Turner purchased 10,000 shares of Barclays stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of GBX 210 ($2.97) per share, for a total transaction of £21,000 ($29,681.98).
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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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