Barclays (BARC) Raised to “Hold” at Berenberg Bank

Berenberg Bank upgraded shares of Barclays (LON:BARC) to a hold rating in a report released on Friday morning.

Several other equities research analysts have also commented on the company. Royal Bank of Canada set a GBX 220 ($3.15) price objective on Barclays and gave the stock a neutral rating in a research report on Friday. Goldman Sachs set a GBX 220 ($3.15) price objective on Barclays and gave the stock a neutral rating in a research report on Friday. Jefferies Group set a GBX 265 ($3.79) price objective on Barclays and gave the stock a buy rating in a research report on Monday, April 16th. Deutsche Bank set a GBX 250 ($3.58) price objective on Barclays and gave the stock a buy rating in a research report on Wednesday, April 11th. Finally, JPMorgan Chase restated an overweight rating and issued a GBX 250 ($3.58) price objective on shares of Barclays in a research report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Barclays presently has an average rating of Buy and a consensus price target of GBX 229.55 ($3.29).

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Barclays stock opened at GBX 215.50 ($3.09) on Friday. Barclays has a 12 month low of GBX 177.30 ($2.54) and a 12 month high of GBX 235.35 ($3.37).

The firm also recently announced a dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 1st were given a dividend of GBX 2 ($0.03) per share. This is a positive change from Barclays’s previous dividend of $1.00. The ex-dividend date was Thursday, March 1st. This represents a dividend yield of 0.95%.

In other Barclays news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of GBX 210 ($3.01) per share, for a total transaction of £21,000 ($30,068.73).

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About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (LON:BARC)

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