|Bid||7.88 x 21500|
|Ask||7.89 x 40700|
|Day's range||7.88 - 8.06|
|52-week range||7.10 - 12.20|
|Beta (5Y monthly)||1.41|
|PE ratio (TTM)||4.59|
|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.