Barclays (LON:BARC) Stock Price Passes Above Two Hundred Day Moving Average of $154.74

Barclays PLC (LON:BARC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.74 ($1.93) and traded as high as GBX 183.98 ($2.29). Barclays shares last traded at GBX 183.98 ($2.29), with a volume of 31,339,684 shares.

Analysts Set New Price Targets

BARC has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 220 ($2.74) target price on shares of Barclays in a research note on Tuesday, February 20th. Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Berenberg Bank increased their price target 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. restated an “overweight” rating on shares of Barclays in a report on Tuesday, March 12th. Finally, Citigroup reissued a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 240 ($2.99).

Barclays Stock Up 1.0 %

The company has a market cap of £28.04 billion, a P/E ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. The firm’s 50-day moving average price is GBX 173.52 and its 200-day moving average price is GBX 154.95.

Barclays Increases Dividend

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

Barclays Company Profile

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.