Barclays (BARC) Given a GBX 265 Price Target at Jefferies Group

Jefferies Group set a GBX 265 ($3.79) price target on Barclays (LON:BARC) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada set a GBX 215 ($3.08) price objective on Barclays and gave the company a neutral rating in a research note on Monday, December 18th. HSBC reaffirmed a buy rating and issued a GBX 240 ($3.44) price objective on shares of Barclays in a research note on Monday, January 29th. Deutsche Bank reaffirmed a buy rating and issued a GBX 234 ($3.35) price objective on shares of Barclays in a research note on Monday, February 5th. Goldman Sachs set a GBX 175 ($2.51) price objective on Barclays and gave the company a sell rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 230 ($3.29) price objective on shares of Barclays in a research note on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 230.11 ($3.29).

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BARC stock opened at GBX 212.75 ($3.05) on Monday. Barclays has a 52-week low of GBX 177.30 ($2.54) and a 52-week high of GBX 235.35 ($3.37).



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

In related news, insider Mike Turner bought 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of GBX 210 ($3.01) per share, with a total value of £21,000 ($30,068.73).

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Barclays Company Profile

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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