Credit Suisse Group Initiates Coverage on Barclays (LON:BARC)

Credit Suisse Group began coverage on shares of Barclays (LON:BARC) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage issued a neutral rating and a GBX 185 ($2.43) price target on the financial services provider’s stock.

BARC has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a neutral rating and issued a GBX 185 ($2.43) target price on shares of Barclays in a research report on Wednesday, January 8th. Shore Capital reaffirmed a buy rating and issued a GBX 250 ($3.29) target price on shares of Barclays in a research report on Tuesday, January 14th. Berenberg Bank reaffirmed a buy rating and issued a GBX 220 ($2.89) target price on shares of Barclays in a research report on Friday, January 31st. Jefferies Financial Group reissued a buy rating and set a GBX 252 ($3.31) price target on shares of Barclays in a research report on Monday, February 10th. Finally, UBS Group upped their price target on Barclays from GBX 190 ($2.50) to GBX 195 ($2.57) and gave the company a buy rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 215 ($2.83).

Shares of BARC opened at GBX 175.92 ($2.31) on Tuesday. The business’s 50 day moving average is GBX 177.11 and its two-hundred day moving average is GBX 163.27. Barclays has a 52-week low of GBX 131.04 ($1.72) and a 52-week high of GBX 192.99 ($2.54). The firm has a market cap of $30.48 billion and a price-to-earnings ratio of 17.42.

The company also recently declared a dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, February 27th will be given a dividend of GBX 6 ($0.08) per share. This is a positive change from Barclays’s previous dividend of $3.00. This represents a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, February 27th. Barclays’s dividend payout ratio is currently 0.69%.

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 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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