Barclays (BARC) PT Raised to GBX 240

Barclays (LON:BARC) had its target price lifted by Credit Suisse Group from GBX 230 ($3.18) to GBX 240 ($3.32) in a research report sent to investors on Wednesday. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.

BARC has been the subject of several other reports. Goldman Sachs raised Barclays to a neutral rating and raised their target price for the stock from GBX 190 ($2.63) to GBX 210 ($2.90) in a research report on Thursday, March 8th. Deutsche Bank reaffirmed a buy rating and issued a GBX 234 ($3.23) target price on shares of Barclays in a research report on Monday, February 5th. Citigroup reaffirmed a sell rating on shares of Barclays in a research report on Monday, February 12th. JPMorgan Chase set a GBX 250 ($3.45) target price on Barclays and gave the stock a buy rating in a research report on Friday, March 2nd. Finally, Jefferies Group set a GBX 205 ($2.83) target price on Barclays and gave the stock a neutral rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 226.42 ($3.13).

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Shares of BARC stock opened at GBX 206.50 ($2.85) on Wednesday. Barclays has a one year low of GBX 177.30 ($2.45) and a one year high of GBX 235.35 ($3.25).

The business also recently disclosed a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 1st will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Barclays’s previous dividend of $1.00. This represents a dividend yield of 0.95%.

In other Barclays news, insider Mike Turner purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of GBX 210 ($2.90) per share, with a total value of £21,000 ($29,013.54).

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About Barclays

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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