Barclays PLC (BCS) Rating Increased to Buy at Investec
Barclays PLC (NYSE:BCS) was upgraded by analysts at Investec from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
BCS has been the topic of a number of other reports. Zacks Investment Research lowered shares of Barclays PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Vetr lowered shares of Barclays PLC from a “hold” rating to a “sell” rating and set a $8.22 price objective on the stock. in a report on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Barclays PLC in a report on Monday, October 10th. Shore Capital restated a “buy” rating on shares of Barclays PLC in a report on Monday, August 1st. Finally, Bank of America Corp. lowered shares of Barclays PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Barclays PLC currently has a consensus rating of “Hold” and a consensus price target of $35.71.
Barclays PLC (NYSE:BCS) traded up 1.811% on Wednesday, reaching $8.715. 1,280,344 shares of the company’s stock were exchanged. Barclays PLC has a 12 month low of $6.76 and a 12 month high of $15.64. The firm’s market cap is $30.13 billion. The firm’s 50-day moving average is $8.76 and its 200-day moving average is $8.95.
The business also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is presently -31.25%.
Hedge funds have recently bought and sold shares of the company. VNBTrust National Association boosted its stake in Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock worth $101,000 after buying an additional 70 shares in the last quarter. Green Square Capital LLC acquired a new stake in shares of Barclays PLC during the second quarter valued at $102,000. Banced Corp acquired a new stake in shares of Barclays PLC during the second quarter valued at $203,000. Fox Run Management L.L.C. acquired a new stake in shares of Barclays PLC during the third quarter valued at $124,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Barclays PLC during the second quarter valued at $110,000. Institutional investors own 2.73% 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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