Barclays PLC (BCS) Lowered to Sell at Vetr Inc.
Vetr downgraded shares of Barclays PLC (NYSE:BCS) from a strong-buy rating to a sell rating in a research report released on Monday morning. The firm currently has $8.22 price target on the financial services provider’s stock.
Several other brokerages have also recently weighed in on BCS. Exane BNP Paribas raised Barclays PLC from a neutral rating to an outperform rating in a research note on Monday, August 8th. Deutsche Bank AG reissued a neutral rating on shares of Barclays PLC in a research note on Thursday, June 16th. BNP Paribas raised Barclays PLC from a neutral rating to an outperform rating in a research note on Monday, August 8th. Goldman Sachs Group Inc. cut Barclays PLC from a buy rating to a neutral rating in a research note on Tuesday, June 28th. Finally, Jefferies Group cut Barclays PLC from a buy rating to an underperform rating and set a $115.00 target price for the company. in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Barclays PLC has a consensus rating of Hold and a consensus target price of $35.71.
Shares of Barclays PLC (NYSE:BCS) traded up 0.58% during midday trading on Monday, hitting $8.66. The stock had a trading volume of 1,597,602 shares. The firm’s market cap is $29.94 billion. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $15.86. The company’s 50 day moving average is $8.79 and its 200 day moving average is $8.99.
The business also recently declared a dividend, which was paid on Monday, September 19th. Stockholders 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%.
Several institutional investors have recently made changes to their positions in BCS. Green Square Capital LLC bought a new position in shares of Barclays PLC during the second quarter valued at $102,000. First Allied Advisory Services Inc. bought a new position in shares of Barclays PLC during the second quarter valued at $110,000. Cypress Wealth Advisors LLC bought a new position in shares of Barclays PLC during the second quarter valued at $113,000. Berkeley Capital Partners LLC boosted its position in shares of 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 during the period. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Barclays PLC during the second quarter valued at $128,000. Institutional investors own 2.95% of the company’s stock.
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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