Credit Suisse Group reiterates ‘GBX 240’ price target for Barclays (LON:BARC)

Credit Suisse Group has set a price target of GBX 240 ($3.06) on Barclay (LON:BARCGet a rating) in a report released on Friday, Borsen Zeitung reports.

BARC has been the subject of several other reports. JPMorgan Chase & Co. set a target price of GBX 170 ($2.17) on Barclays in a Monday, April 25 research note. UBS Group set a target price of GBX 260 ($3.31) on Barclays in a research note on Thursday. Goldman Sachs Group set a target price of 270 GBX ($3.44) at Barclays in a research note on Thursday. Jefferies Financial Group set a target price of GBX 321 ($4.09) on Barclays in a Wednesday, February 23 research note. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a target price of GBX 240 ($3.06) on Barclays shares in a Thursday, February 24 research note. Four investment analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat, the stock currently has an average buy rating and consensus price target of GBX 242.33 ($3.09).

Shares of LON:BARC opened at 148.20 GBX ($1.89) on Friday. Barclays has a 12-month low of 140.06 GBX ($1.79) and a 12-month high of 219.60 GBX ($2.80). The company has a market capitalization of £24.84 billion and a PE ratio of 4.05. The company has a 50-day moving average of 158.83 GBX and a two-hundred-day moving average of 182.73 GBX.

The company also recently declared a dividend, which was paid on Tuesday, April 5. Investors of record on Thursday, March 3 received a dividend of 4 GBX ($0.05) per share. This represents a dividend yield of 2.1%. This is a boost from Barclays’ previous dividend of $2.00. The ex-dividend date was Thursday, March 3. Barclays’ payout ratio is currently 16.39%.

About Barclays (Get a rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the UK, Europe, America, Africa, the Middle East and Asia. The company operates through the Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.

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