Barclays PLC (LON:BARC) Given Consensus Rating of “Buy” by Brokerages

Shares of Barclays PLC (LON:BARC) have earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 276 ($3.61).

Several research firms recently issued reports on BARC. Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, June 19th. Citigroup reiterated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Royal Bank of Canada cut their price target on Barclays from GBX 260 ($3.40) to GBX 250 ($3.27) and set an “outperform” rating for the company in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 270 ($3.53) price target on shares of Barclays in a report on Monday, September 9th.

Insider Buying and Selling

In related news, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.89), for a total transaction of £108,318.73 ($141,759.89). In other news, insider Dawn Fitzpatrick bought 5,259 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of GBX 210 ($2.75) per share, with a total value of £11,043.90 ($14,453.47). Also, insider Anna Cross sold 49,013 shares of Barclays stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 221 ($2.89), for a total value of £108,318.73 ($141,759.89). 1.47% of the stock is owned by corporate insiders.

Barclays Stock Up 0.2 %

Shares of BARC opened at GBX 231.15 ($3.03) on Friday. Barclays has a 52 week low of GBX 128.12 ($1.68) and a 52 week high of GBX 241.80 ($3.16). The business has a 50-day simple moving average of GBX 223.11 and a two-hundred day simple moving average of GBX 213.36. The stock has a market cap of £33.61 billion, a price-to-earnings ratio of 889.04, a PEG ratio of 1.07 and a beta of 1.36.

Barclays Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were paid a dividend of GBX 2.90 ($0.04) per share. This represents a dividend yield of 1.24%. The ex-dividend date was Thursday, August 15th. Barclays’s dividend payout ratio is currently 3,076.92%.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.