Barclays PLC (NYSE:BCS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday.
A number of other research firms have also recently commented on BCS. Zacks Investment Research raised Barclays PLC from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Friday, September 9th. Deutsche Bank AG reissued a “neutral” rating on shares of Barclays PLC in a report on Thursday, June 16th. Citigroup Inc. reissued a “sell” rating on shares of Barclays PLC in a report on Wednesday, August 31st. Bank of America Corp. cut Barclays PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. Finally, BNP Paribas cut Barclays PLC from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Barclays PLC currently has an average rating of “Hold” and an average target price of $35.71.
Barclays PLC (NYSE:BCS) opened at 8.41 on Monday. The company has a 50 day moving average of $8.82 and a 200 day moving average of $8.97. The company’s market capitalization is $29.08 billion. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $15.81.
The firm also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were given a $0.052 dividend. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio (DPR) is presently -31.25%.
Institutional investors have recently made changes to their positions in the stock. VNBTrust National Association increased its position in shares of Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock valued at $101,000 after buying an additional 70 shares during the period. Green Square Capital LLC acquired a new position in shares of Barclays PLC during the second quarter valued at approximately $102,000. First Allied Advisory Services Inc. acquired a new position in shares of Barclays PLC during the second quarter valued at approximately $110,000. Cypress Wealth Advisors LLC acquired a new position in shares of Barclays PLC during the second quarter valued at approximately $113,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Barclays PLC during the second quarter valued at approximately $128,000. 2.95% of the stock is currently owned by institutional investors.
About Barclays PLC
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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