Barclays PLC (NYSE:BCS) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.00.
Several research analysts have commented on BCS shares. Zacks Investment Research upgraded Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research note on Monday, November 12th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a report on Friday, November 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th. ValuEngine upgraded Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Finally, Berenberg Bank upgraded Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st.
Shares of NYSE:BCS traded down $0.14 during trading on Monday, reaching $7.73. 8,191,534 shares of the stock were exchanged, 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 1-year low of $7.69 and a 1-year high of $12.55. The firm has a market capitalization of $33.66 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.36 and a beta of 0.67.
Barclays (NYSE:BCS) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. Equities research analysts anticipate that Barclays will post 1.09 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park National Corp OH purchased a new stake in Barclays during the third quarter valued at approximately $100,000. Vident Investment Advisory LLC bought a new stake in Barclays during the 3rd quarter valued at $102,000. NumerixS Investment Technologies Inc bought a new stake in Barclays during the 2nd quarter valued at $135,000. Fox Run Management L.L.C. acquired a new stake in shares of Barclays in the 3rd quarter worth $178,000. Finally, Private Wealth Partners LLC acquired a new stake in shares of Barclays in the 2nd quarter worth $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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