Barclays (LON:BARC) PT Lowered to GBX 200

Barclays (LON:BARC) had its price objective trimmed by HSBC from GBX 220 ($2.87) to GBX 200 ($2.61) in a report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America cut Barclays to a neutral rating in a report on Thursday, April 18th. Jefferies Financial Group restated a buy rating and issued a GBX 280 ($3.66) price target on shares of Barclays in a report on Monday, July 22nd. Morgan Stanley restated an equal weight rating on shares of Barclays in a report on Friday, July 26th. Royal Bank of Canada set a GBX 180 ($2.35) price target on Barclays and gave the stock a neutral rating in a report on Friday, July 5th. Finally, Berenberg Bank restated a buy rating on shares of Barclays in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 208.71 ($2.73).

BARC opened at GBX 139.82 ($1.83) on Thursday. The stock has a market cap of $24.12 billion and a P/E ratio of 7.81. The stock’s 50 day simple moving average is GBX 153.06 and its 200 day simple moving average is GBX 156.99. Barclays has a 1-year low of GBX 136.47 ($1.78) and a 1-year high of GBX 185.90 ($2.43).

The business also recently announced a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 8th will be paid a GBX 3 ($0.04) dividend. This represents a yield of 1.95%. The ex-dividend date is Thursday, August 8th. Barclays’s payout ratio is currently 0.39%.

In related news, insider Nigel Higgins bought 10,092 shares of Barclays stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of GBX 153 ($2.00) per share, with a total value of £15,440.76 ($20,176.09).

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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