Several analysts have recently updated their ratings and price targets for Barclays PLC (NYSE: BCS):

  • 9/21/2016 – Barclays PLC was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating.
  • 9/21/2016 – Barclays PLC was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Barclays' sustained progress in lowering expenses will lead to enhanced profitability over time. Further, the company remains on track to achieve targeted cost savings this year and has been divesting non-core operations world-wide. Moreover, balance sheet restructuring will support financials in the long run. However, the company's muted revenue growth remains a major concern. Also, the Brexit storm is likely to have an unprecedented adverse effect on its financials in the quarters ahead. Further, the company's profitability is being affected by legal woes and a stringent regulatory landscape.”
  • 9/16/2016 – Barclays PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 9/9/2016 – Barclays PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Barclays' sustained progress in lowering expenses will lead to enhanced profitability over time. Further, the company has been divesting non-core operations world-wide. Additionally, the company remains on track to achieve targeted cost savings this year. Further, the company’s balance-sheet restructuring actions will go a long way in supporting the financials. Nevertheless, the company's dismal second-quarter 2016 results were due to lower trading and investment banking income, a rise in credit impairment charges as well as sale of several non-core operations. Further, the company’s profitability is being affected by muted revenue growth, legal woes and a stringent regulatory landscape.”
  • 8/31/2016 – Barclays PLC had its “sell” rating reaffirmed by analysts at Citigroup Inc..
  • 8/26/2016 – Barclays PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Barclays’ second-quarter 2016 net income declined owing to lower trading and investment banking income, a rise in credit impairment charges as well as sale of several non-core operations. However, these were partially offset by a rise in net interest income and lower operating expenses. The company’s profitability is being affected by muted revenue growth and a stringent regulatory landscape. Apart from these, legal woes continue to hurt bottom line. Nevertheless, the company’s sustained progress in streamlining operations and lowering expenses will lead to enhanced profitability over time. Additionally, Barclays remains on track to achieve targeted cost savings this year. Further, the company’s balance-sheet restructuring actions will go a long way in supporting the financials.”
  • 8/25/2016 – Barclays PLC was upgraded by analysts at Investec from a “sell” rating to a “buy” rating.
  • 8/8/2016 – Barclays PLC was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating.
  • 8/8/2016 – Barclays PLC was upgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating.
  • 8/1/2016 – Barclays PLC had its “buy” rating reaffirmed by analysts at Shore Capital.

Shares of Barclays PLC (NYSE:BCS) traded up 3.13% on Wednesday, reaching $8.89. 2,468,373 shares of the company traded hands. The firm has a 50-day moving average of $8.67 and a 200-day moving average of $9.03. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $15.86. The company’s market capitalization is $30.74 billion.

The business also recently announced a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were given a $0.052 dividend. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is presently -31.25%.

Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.

5 Day Chart for NYSE:BCS

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