Barclays PLC (BCS) Given Average Rating of “Hold” by Brokerages
Barclays PLC (NYSE:BCS) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.00.
Several analysts have issued reports on the company. Berenberg Bank raised Barclays from a “hold” rating to a “buy” rating in a report on Monday, October 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th. Zacks Investment Research lowered Barclays from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a research note on Friday, November 9th. Finally, ValuEngine upgraded Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th.
Shares of NYSE BCS traded down $0.14 during mid-day trading on Monday, hitting $7.73. 8,191,534 shares of the stock traded hands, compared to its average volume of 4,186,341. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 4.99. Barclays has a 52 week low of $7.69 and a 52 week high of $12.55. The firm has a market capitalization of $33.66 billion, a PE ratio of 9.31, a P/E/G ratio of 0.36 and a beta of 0.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Park National Corp OH purchased a new position in shares of Barclays in the 3rd quarter valued at about $100,000. Vident Investment Advisory LLC acquired a new stake in Barclays in the 3rd quarter worth about $102,000. NumerixS Investment Technologies Inc acquired a new stake in Barclays in the 2nd quarter worth about $135,000. Fox Run Management L.L.C. acquired a new position in shares of Barclays during the 3rd quarter worth approximately $178,000. Finally, Private Wealth Partners LLC acquired a new position in shares of Barclays during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 3.24% of the company’s stock.
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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