According to Bloomberg Ratings, the twelve analysts monitoring Barclays PLC (LON: BARC) have given the stock an average rating of “Moderate Buy,” which indicates a willingness to purchase the stock shortly.
This information is derived from the analysts’ ratings of the company’s stock.
The stock has been assigned a rating of “Hold” by three equity research analysts, while a rating of “buy” has been assigned by four other analysts.
The average price target for the next twelve months among brokerages that covered the stock in the preceding year was GBX 239 ($2.90), a number greater than the current price of the stock.
The opinions of a wide variety of different brokerage houses have been gathered and compiled regarding BARC. Goldman Sachs Group stated in a research report distributed on Thursday, December 15, that their price objective for Barclays is GBX 250, equivalent to $3.03.
Barclays received an “outperform” rating from Credit Suisse Group, which was raised to GBX 250 ($3.03), and the company’s price objective was raised from GBX 240 ($2.91) to GBX 250 ($3.03), all of which were published in a research report on Thursday.
Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Barclays and set a GBX 230 ($2.79) price objective on the company’s common stock in a research note that was published on Thursday, November 3. Jefferies Financial Group predicted in a research note released on Wednesday, October 26, that the price of Barclays would rise to GBX 299 ($3.63) by the end of the year. JPMorgan Chase & Co projected a price target of GBX 180 ($2.18) for Barclays in a research note made public on Wednesday, October 26.
This was the third and final projection that was made.
On December 14, C.S. Venkatakrishnan, an insider at Barclays, sold 112,438 shares of the company’s stock.
Another bit of information about Barclays has been recently discovered.
At an average price of GBX 161 ($1.95) per share, a total of £181,025.18’s worth of shares were transacted, bringing in a revenue of 219,744.09 pounds sterling.
This resulted in a revenue of 181,025.18 pounds sterling.
Trading of BARC shares began in London on Friday with an opening price of GBX 173.50 ($2.11 per share).
The company’s moving average over the past 50 days comes in at GBX 173.22, while the moving average over the past 200 days comes in at GBX 163.35. Over the past year, the price of one share of Barclays has fluctuated between a yearly low of GBX 132.06 ($1.60) and a yearly high of GBX 202.35 ($2.46).
The company’s market capitalization is estimated to be 27.53 billion pounds, and its price-to-earnings ratio is 559.68.
Additionally, the corporation recently announced a dividend, which will be disbursed on the last day of March. Shareholders of record will be eligible to receive a dividend payment on Thursday, February 23, in the amount of GBX 5, equivalent to USD 0.06. February 23, which is a Thursday, is the day that will no longer count toward the accrual of dividends from that point forward.
As a direct result, the dividend yield that can be attained is 2.67 percent.
Because Barclays paid out the prior dividend was $2.25, this amount represents an increase from that previous payout.
The payout ratio for Barclays currently stands at 20.16 percent.
The subsidiaries of Barclays PLC provide consumers with a wide range of financial goods and services in many different regions of the world, including the United Kingdom (UK), Europe, the Americas, Africa, the Middle East, and Asia.
Although they are separate entities, Barclays UK and Barclays International, each has a stake in the company. However, Barclays UK and Barclays International work together to manage the business.
It offers a diverse selection of banking products and services, such as retail banking, credit card services, wholesale banking, investment banking, wealth management, and investment management, to name just a few of the available options.