Jefferies Group set a GBX 265 ($3.79) price objective on Barclays (LON:BARC) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.
BARC has been the topic of a number of other research reports. Goldman Sachs raised Barclays to a neutral rating and increased their target price for the company from GBX 190 ($2.72) to GBX 210 ($3.01) in a research note on Thursday, March 8th. Deutsche Bank restated a buy rating and set a GBX 234 ($3.35) price target on shares of Barclays in a research report on Monday, February 5th. JPMorgan Chase restated an overweight rating and set a GBX 250 ($3.58) price target on shares of Barclays in a research report on Tuesday, April 3rd. Citigroup restated a sell rating on shares of Barclays in a research report on Monday, February 12th. Finally, Shore Capital restated a buy rating on shares of Barclays in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 230.11 ($3.29).
BARC opened at GBX 214 ($3.06) on Monday. Barclays has a 52 week low of GBX 177.30 ($2.54) and a 52 week high of GBX 235.35 ($3.37).
The company also recently announced 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 positive change from Barclays’s previous dividend of $1.00. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, March 1st.
In other news, insider Mike Turner bought 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of GBX 210 ($3.01) per share, for a total transaction of £21,000 ($30,068.73).
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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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