Barclays PLC’s (BCS) Neutral Rating Reaffirmed at JPMorgan Chase & Co.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG restated a neutral rating on shares of Barclays PLC in a report on Thursday, June 16th. BNP Paribas cut Barclays PLC from an outperform rating to a neutral rating in a report on Monday, June 27th. Jefferies Group cut Barclays PLC from a buy rating to an underperform rating and set a $115.00 price objective for the company. in a report on Monday, June 27th. Bank of America Corp. cut Barclays PLC from a buy rating to a neutral rating in a report on Monday, June 27th. Finally, Goldman Sachs Group Inc. cut Barclays PLC from a buy rating to a neutral rating in a report on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $35.71.
Barclays PLC (NYSE:BCS) traded down 0.35% during trading on Monday, reaching $8.50. The company’s stock had a trading volume of 730,906 shares. The stock’s market cap is $29.39 billion. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $15.81. The firm’s 50-day moving average is $8.82 and its 200-day moving average is $8.97.
The company also recently announced a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were issued a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is -31.25%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its position in Barclays PLC by 29.0% in the second quarter. Raymond James Trust N.A. now owns 19,519 shares of the financial services provider’s stock valued at $149,000 after buying an additional 4,393 shares during the last quarter. Orbitronix LP purchased a new position in Barclays PLC during the first quarter valued at about $272,000. Natixis purchased a new position in Barclays PLC during the first quarter valued at about $480,000. Renaissance Technologies LLC purchased a new position in Barclays PLC during the first quarter valued at about $30,217,000. Finally, HBK Investments L P raised its position in Barclays PLC by 346.8% in the first quarter. HBK Investments L P now owns 357,900 shares of the financial services provider’s stock valued at $3,085,000 after buying an additional 277,800 shares during the last quarter. Institutional investors and hedge funds 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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