Goldman Sachs Group Raises Barclays (BARC) Price Target to GBX 235

Barclays (LON:BARC) had its price target upped by Goldman Sachs Group from GBX 215 ($2.81) to GBX 235 ($3.07) in a research note released on Tuesday morning. Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised Barclays to a buy rating and cut their price target for the stock from GBX 266 ($3.48) to GBX 262 ($3.42) in a research note on Wednesday, November 21st. HSBC cut their price target on Barclays from GBX 270 ($3.53) to GBX 240 ($3.14) and set a buy rating for the company in a research note on Friday, January 18th. Deutsche Bank cut their price target on Barclays from GBX 243 ($3.18) to GBX 207 ($2.70) and set a buy rating for the company in a research note on Friday, January 11th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price target on Barclays and gave the stock a buy rating in a research note on Monday, January 28th. Finally, UBS Group reaffirmed a buy rating and set a GBX 240 ($3.14) price target on shares of Barclays in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 215.38 ($2.81).

BARC opened at GBX 164.82 ($2.15) on Tuesday. Barclays has a fifty-two week low of GBX 177.30 ($2.32) and a fifty-two week high of GBX 235.35 ($3.08).

The business also recently disclosed a dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, February 28th will be issued a dividend of GBX 4 ($0.05) per share. This is a positive change from Barclays’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, February 28th. This represents a dividend yield of 2.49%.

In related news, insider Michael Ashley acquired 33,890 shares of the stock in a transaction dated Friday, December 21st. The shares were acquired at an average price of GBX 148 ($1.93) per share, with a total value of £50,157.20 ($65,539.27).

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.

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Analyst Recommendations for Barclays (LON:BARC)

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