Barclays PLC (NYSE:BCS) Given Average Rating of “Hold” by Brokerages

Shares of Barclays PLC (NYSE:BCS) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of equities analysts have issued reports on BCS shares. Exane BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 26th. BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 26th. ValuEngine cut Barclays from a “sell” rating to a “strong sell” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upgraded Barclays from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 22nd. Finally, UBS Group reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, October 15th.

BCS traded down $0.06 during mid-day trading on Tuesday, reaching $9.36. 3,164,997 shares of the stock were exchanged, compared to its average volume of 3,169,577. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $40.58 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $8.08. Barclays has a 1 year low of $6.54 and a 1 year high of $10.22.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.48 billion. Barclays had a net margin of 8.14% and a return on equity of 5.11%. Sell-side analysts expect that Barclays will post 1.21 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KCS Wealth Advisory bought a new stake in shares of Barclays during the 3rd quarter worth $26,000. Tower Research Capital LLC TRC raised its stake in shares of Barclays by 52.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,487 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,903 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Barclays during the 2nd quarter worth $80,000. Pacer Advisors Inc. bought a new stake in shares of Barclays during the 2nd quarter worth $109,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Barclays by 34.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,581 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 3,751 shares during the period. Institutional investors own 2.30% of the company’s stock.

About Barclays

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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