Goldman Sachs’ price objective would suggest a potential upside of 11.23% from the company’s previous close. Investors of record on Friday, August 7th will be paid a dividend of 0.06 per share by the financial services provider on Monday, September 14th. Intraday, the shares aggregated $0.07 million in upticks but saw an exodus of $0.89 million in downticks. Finally, BNP Paribas reissued a “neutral” rating on shares of Barclays in a report on Wednesday, May 20th.
Several analysts have commented on BCS shares. The ex-dividend date is Wednesday, August 5th. It was also reported that Barclays set aside another 850 million pounds in the second quarter to compensate customers who were improperly sold products such as payment protection insurance, interest rate hedging vehicles. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research report on Thursday, May 21st. Tushar Morzaria, the finance director, informed reporters on a call that there is no plan for major changes at the investment bank, instead Barclays will keep refining its policy.
Barclays (NYSE:BCS) traded up 0.84% during trading on Thursday, reaching $17.98. The stock has a consensus rating of “Buy” and a consensus target price of $19.50. The firm has a 50 day moving average of $16.94 and a 200 day moving average of $15.88. The shares have received an average rating of 1 by 3 analysts. The company has a market cap of $74,558 million. The 52-week high of the share price is $17.855 and the 52-week low is $13.27. The Company operates in eight segments: UK Retail and Business Banking (UK RBB), Europe Retail and Business Banking (Europe RBB), Africa Retail and Business Banking (Africa RBB), Barclaycard, Barclays Investment Bank, Barclays Corporate Banking, Wealth and Investment Management, and Head Office and Other Operations. The Personal as well as Corporate Banking (PCB) contains private banking, mortgages, wealth & investment management, and corporate banking. The Africa Banking business is managed under three principal businesses.
New chairman John McFarlane this week said the investment bank remained a core part of the bank and he was pleased with an improvement in its return on equity this year, but he said it would continue to scale back in areas where it is not strong. Head Office includes support functions that are essential and head office. Additionally, it has the companies in consolidation and transition adjustments.