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

by · The Cerbat Gem

Shares of Barclays PLC (NYSE:BCS) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of brokerages recently weighed in on BCS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Finally, Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th.

Read Our Latest Research Report on BCS

Barclays Stock Performance

Shares of BCS stock opened at $22.41 on Thursday. The firm has a market cap of $78.01 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.41 and a beta of 1.14. Barclays has a 52-week low of $12.14 and a 52-week high of $22.64. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The company’s 50 day moving average is $20.91 and its 200 day moving average is $19.60.

Barclays (NYSE:BCS – Get Free Report) last posted its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The company had revenue of $9.21 billion during the quarter. On average, sell-side analysts anticipate that Barclays will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its stake in Barclays by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock valued at $881,000 after buying an additional 482 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Barclays by 0.5% during the second quarter. AMG National Trust Bank now owns 105,707 shares of the financial services provider’s stock worth $1,965,000 after acquiring an additional 561 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Barclays by 3.0% during the third quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 563 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Barclays by 1.1% in the 2nd quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 599 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Barclays by 0.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 152,351 shares of the financial services provider’s stock worth $3,149,000 after purchasing an additional 633 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

About Barclays

(Get Free Report)

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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