Shares of Barclays PLC (NYSE:BCS) have been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.00.
BCS has been the subject of a number of analyst reports. Zacks Investment Research lowered Barclays from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a research report on Friday, August 9th. Bank of America lowered Barclays from a “buy” rating to a “neutral” rating in a research report on Thursday, April 18th.
NYSE:BCS traded down $0.02 during trading hours on Friday, hitting $6.60. 175,123 shares of the stock were exchanged, compared to its average volume of 2,469,264. Barclays has a 52-week low of $6.61 and a 52-week high of $9.77. The business’s fifty day simple moving average is $7.57. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 4.93. The firm has a market cap of $28.32 billion, a P/E ratio of 5.71, a P/E/G ratio of 1.98 and a beta of 0.93.
Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.92 billion. Barclays had a return on equity of 5.03% and a net margin of 14.72%. As a group, sell-side analysts expect that Barclays will post 1.12 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP purchased a new position in Barclays in the fourth quarter worth approximately $1,469,000. Squarepoint Ops LLC purchased a new position in Barclays in the fourth quarter worth approximately $84,000. Greenleaf Trust grew its position in Barclays by 77.0% in the first quarter. Greenleaf Trust now owns 22,539 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 9,806 shares during the period. Dimensional Fund Advisors LP grew its position in Barclays by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock worth $108,904,000 after acquiring an additional 980,953 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in Barclays by 19.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 440,321 shares of the financial services provider’s stock worth $3,522,000 after acquiring an additional 72,814 shares during the period. Institutional investors own 2.53% 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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