Barclays (LON:BARC) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt initiated coverage on shares of Barclays (LON:BARC) in a research report report published on Friday, MarketBeat.com reports. The firm issued a buy rating and a GBX 245 ($3.05) target price on the financial services provider’s stock.

A number of other brokerages have also issued reports on BARC. Jefferies Financial Group reiterated a buy rating and issued a GBX 220 ($2.74) target price on shares of Barclays in a research report on Tuesday, February 20th. Berenberg Bank increased their target price on shares of Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the company a buy rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Barclays in a research report on Tuesday, March 12th. Citigroup restated a buy rating on shares of Barclays in a research report on Wednesday, January 31st. Finally, Shore Capital restated a buy rating on shares of Barclays in a research report on Thursday, February 29th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and an average price target of GBX 240 ($2.99).

Barclays Stock Up 1.0 %

Shares of BARC opened at GBX 185.84 ($2.31) on Friday. The firm has a 50-day moving average price of GBX 173.52 and a 200 day moving average price of GBX 154.95. The firm has a market capitalization of £28.04 billion, a PE ratio of 688.30, a P/E/G ratio of -1.09 and a beta of 1.38. Barclays has a 52-week low of GBX 1.82 ($0.02) and a 52-week high of GBX 194.80 ($2.42).

Barclays Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date was Thursday, February 29th. This is a positive change from Barclays’s previous dividend of $2.70. This represents a yield of 3.56%. Barclays’s dividend payout ratio is currently 2,962.96%.

About Barclays

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.