Barclays PLC (NYSE:BCS) Given Average Rating of “Moderate Buy” by Analysts

Barclays PLC (NYSE:BCS) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday.

Barclays Stock Up 2.8%

BCS opened at $25.44 on Monday. The firm has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $24.04. Barclays has a 52 week low of $17.22 and a 52 week high of $27.70. The company has a market capitalization of $86.71 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.01. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Analysts forecast that Barclays will post 2.75 earnings per share for the current fiscal year.

Institutional Trading of Barclays

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Barclays during the 4th quarter valued at about $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Barclays during the 4th quarter valued at about $26,000. SHP Wealth Management purchased a new stake in shares of Barclays during the 4th quarter valued at about $28,000. Advocate Investing Services LLC purchased a new stake in shares of Barclays during the 4th quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Barclays during the 4th quarter valued at about $39,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.