Previous close | 7.92 |
Open | 7.98 |
Bid | 7.88 x 21500 |
Ask | 7.89 x 40700 |
Day's range | 7.88 - 8.06 |
52-week range | 7.10 - 12.20 |
Volume | |
Avg. volume | 9,147,129 |
Market cap | 32.865B |
Beta (5Y monthly) | 1.41 |
PE ratio (TTM) | 4.59 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.33 (4.12%) |
Ex-dividend date | 03 Mar 2022 |
1y target est | N/A |
Barclays' (BCS) planned acquisition of Kensington Mortgage Company will bolster its share in the U.K. mortgage market.
Winner Barclays will pay a hefty £2.3bn. As a listed company in the noughties, Kensington was a subprime lender. The private equity groups that bought it for over a third less in 2015 then nearly quadrupled its mortgage origination.
Barclays has agreed to buy UK specialist lender Kensington Mortgages in a £2.3bn deal, as the bank moves to improve its market share of home loans despite the threat of a recession. The UK bank will acquire Kensington’s £1.2bn mortgage book as part of the transaction, according to a statement on Friday. Barclays said the value of the deal was based on it being completed by December and Kensington’s mortgage book comprising £2bn of loans by that point.