Barclays (BARC) Downgraded by Bank of America

Bank of America cut shares of Barclays (LON:BARC) to a neutral rating in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also commented on BARC. HSBC reiterated a top pick rating and set a GBX 240 ($3.14) price target on shares of Barclays in a report on Thursday, April 4th. Jefferies Financial Group reiterated a buy rating and set a GBX 280 ($3.66) price target (up from GBX 263 ($3.44)) on shares of Barclays in a report on Tuesday, April 16th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price target on Barclays and gave the stock a buy rating in a report on Tuesday, April 9th. UBS Group set a GBX 235 ($3.07) price target on Barclays and gave the stock a buy rating in a report on Thursday, February 21st. Finally, Berenberg Bank reiterated a buy rating and set a GBX 220 ($2.87) price target on shares of Barclays in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 220.53 ($2.88).

Shares of BARC stock opened at GBX 169.40 ($2.21) on Thursday. Barclays has a 12 month low of GBX 145 ($1.89) and a 12 month high of GBX 219.10 ($2.86). The company has a market cap of $29.02 billion and a PE ratio of 18.41.

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, February 28th were given a dividend of GBX 4 ($0.05) per share. The ex-dividend date was Thursday, February 28th. This is a boost from Barclays’s previous dividend of $2.50. This represents a dividend yield of 2.49%. Barclays’s payout ratio is currently 0.76%.

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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