Barclays PLC (NYSE:BCS) has been given a consensus recommendation of “Hold” by the nineteen analysts that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $43.95.
A number of research analysts have recently commented on the company. Vetr lowered Barclays PLC from a “strong-buy” rating to a “sell” rating and set a $8.22 price target for the company. in a report on Monday. Zacks Investment Research lowered Barclays PLC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 21st. HSBC upgraded Barclays PLC from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.76 to $8.62 in a report on Wednesday, September 21st. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a report on Friday, September 16th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a report on Wednesday, August 31st.
Shares of Barclays PLC (NYSE:BCS) opened at 8.69 on Wednesday. The firm’s market cap is $30.04 billion. The company has a 50-day moving average of $8.79 and a 200 day moving average of $9.00. Barclays PLC has a 12-month low of $6.76 and a 12-month high of $15.86.
The firm also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is presently -31.25%.
Several hedge funds have recently made changes to their positions in BCS. Green Square Capital LLC purchased a new position in Barclays PLC during the second quarter valued at about $102,000. First Allied Advisory Services Inc. purchased a new position in Barclays PLC during the second quarter valued at about $110,000. Cypress Wealth Advisors LLC purchased a new position in Barclays PLC during the second quarter valued at about $113,000. Berkeley Capital Partners LLC boosted its position in Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock valued at $117,000 after buying an additional 1,595 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Barclays PLC during the second quarter valued at about $128,000. Institutional investors own 2.95% of the company’s stock.
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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