Royal Bank of Canada Reiterates GBX 165 Price Target for Barclays (LON:BARC)

Royal Bank of Canada set a GBX 165 ($1.99) target price on Barclays (LON:BARCGet Rating) in a report published on Tuesday, Borsen Zeitung reports.

Several other research analysts also recently issued reports on BARC. Morgan Stanley reissued an equal weight rating on shares of Barclays in a research report on Wednesday, May 11th. UBS Group set a GBX 250 ($3.02) target price on shares of Barclays in a report on Friday, August 19th. Credit Suisse Group set a GBX 245 ($2.96) target price on shares of Barclays in a report on Tuesday, July 5th. Shore Capital reissued a buy rating on shares of Barclays in a report on Thursday, July 28th. Finally, Jefferies Financial Group set a GBX 369 ($4.46) target price on shares of Barclays in a research report on Wednesday, June 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of GBX 246 ($2.97).

Barclays Price Performance

Shares of LON:BARC opened at GBX 166.26 ($2.01) on Tuesday. The company’s fifty day moving average price is GBX 160.44 and its 200 day moving average price is GBX 159.40. Barclays has a 12 month low of GBX 140.06 ($1.69) and a 12 month high of GBX 219.60 ($2.65). The firm has a market capitalization of £26.69 billion and a P/E ratio of 536.32.

Barclays Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 2.25 ($0.03) per share. The ex-dividend date is Thursday, August 11th. This represents a yield of 1.43%. Barclays’s dividend payout ratio is currently 19.35%.

Insiders Place Their Bets

In other news, insider C.S. Venkatakrishnan sold 114,736 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of GBX 162 ($1.96), for a total value of £185,872.32 ($224,591.98).

Barclays Company Profile

(Get Rating)

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

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