Barclays PLC (BCS) – What Are Analysts Saying About This Stock?

Shares of Barclays PLC (NYSE:BCS) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

A number of research firms have recently commented on BCS. Bank of America downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 1st. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Finally, Morgan Stanley lowered Barclays from an “overweight” rating to an “equal weight” rating in a report on Wednesday, September 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in Barclays by 13.0% in the third quarter. Allworth Financial LP now owns 11,575 shares of the financial services provider’s stock valued at $311,000 after buying an additional 1,330 shares during the period. GKV Capital Management Co. Inc. boosted its stake in shares of Barclays by 4.4% during the 3rd quarter. GKV Capital Management Co. Inc. now owns 153,425 shares of the financial services provider’s stock worth $3,724,000 after acquiring an additional 6,502 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Barclays by 44.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,515 shares of the financial services provider’s stock worth $5,279,000 after acquiring an additional 67,016 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Barclays by 5.1% during the 3rd quarter. Ritholtz Wealth Management now owns 280,214 shares of the financial services provider’s stock worth $6,801,000 after acquiring an additional 13,724 shares during the period. Finally, Jacobi Capital Management LLC acquired a new position in shares of Barclays during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

Shares of BCS opened at $22.38 on Thursday. The stock has a market capitalization of $74.80 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.48 and a beta of 1.04. Barclays has a 12 month low of $19.83 and a 12 month high of $28.68. The firm has a fifty day simple moving average of $24.12 and a 200 day simple moving average of $24.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 5.89.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Barclays had a net margin of 22.74% and a return on equity of 9.02%. The business had revenue of $9.85 billion during the quarter, compared to analyst estimates of $10.10 billion. Research analysts forecast that Barclays will post 2.78 EPS for the current fiscal year.

Barclays Company Profile

Barclays is a British banking group that provides financial services to individuals, businesses, corporations and institutions. Its principal activities include retail and business banking, credit cards and payments, corporate banking, investment banking and wealth management.

The company serves customers in the United Kingdom and internationally, with a significant presence in the United States. Its businesses include Barclays UK, which focuses on UK consumer and business banking, and Barclays International, which includes its international banking and markets operations.

Barclays traces its origins to goldsmith banking in London in 1690.