Barclays PLC (BCS) Receives $11.00 Average Target Price from Brokerages

Shares of Barclays PLC (NYSE:BCS) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.00.

A number of brokerages recently issued reports on BCS. Zacks Investment Research raised Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Monday, November 12th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a research report on Friday, November 9th. ValuEngine raised Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Berenberg Bank raised Barclays from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th.

Shares of NYSE BCS traded down $0.10 during trading hours on Monday, reaching $7.80. The stock had a trading volume of 353,990 shares, compared to its average volume of 3,974,859. The stock has a market cap of $33.79 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67. 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 fifty-two week low of $7.85 and a fifty-two week high of $12.55.



Barclays (NYSE:BCS) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. Sell-side analysts anticipate that Barclays will post 1.08 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Park National Corp OH acquired a new stake in Barclays during the 3rd quarter valued at $100,000. Vident Investment Advisory LLC acquired a new stake in Barclays during the 3rd quarter valued at $102,000. NumerixS Investment Technologies Inc acquired a new stake in Barclays during the 2nd quarter valued at $135,000. Fox Run Management L.L.C. acquired a new stake in Barclays during the 3rd quarter valued at $178,000. Finally, Private Wealth Partners LLC acquired a new stake in Barclays during the 2nd quarter valued at $201,000. 3.24% of the stock is owned by hedge funds and other institutional investors.

Barclays Company Profile

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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Analyst Recommendations for Barclays (NYSE:BCS)

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