Barclays (LON:BARC) Reaches New 12-Month Low at $1.82

Barclays PLC (LON:BARC) shares hit a new 52-week low on Friday . The company traded as low as GBX 1.82 ($0.02) and last traded at GBX 182.28 ($2.27), with a volume of 55923846 shares traded. The stock had previously closed at GBX 183.98 ($2.29).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Citigroup reissued a “buy” rating on shares of Barclays in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research note on Tuesday, March 12th. Shore Capital reissued a “buy” rating on shares of Barclays in a research note on Thursday, February 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 220 ($2.74) price objective on shares of Barclays in a research note on Tuesday, February 20th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Barclays has a consensus rating of “Buy” and an average target price of GBX 240 ($2.99).

Barclays Stock Performance

The company has a market cap of £28.04 billion, a price-to-earnings ratio of 688.30, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. The stock’s fifty day simple moving average is GBX 173.52 and its two-hundred day simple moving average is GBX 154.95.

Barclays Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, February 29th were issued a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, February 29th. This represents a yield of 3.56%. This is a positive change from Barclays’s previous dividend of $2.70. Barclays’s payout ratio is currently 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.