Credit Suisse Group AG assumed coverage on shares of Barclays PLC (NYSE:BCS) in a report issued on Tuesday. The brokerage issued an outperform rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Investec downgraded Barclays PLC from a buy rating to a hold rating in a research report on Friday, November 11th. Vetr downgraded Barclays PLC from a sell rating to a strong sell rating and set a $8.22 target price on the stock. in a research report on Wednesday, November 9th. Deutsche Bank AG reissued a hold rating on shares of Barclays PLC in a research report on Thursday, November 3rd. Zacks Investment Research downgraded Barclays PLC from a buy rating to a hold rating in a research report on Friday, October 28th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Barclays PLC in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $35.71.

Barclays PLC (NYSE:BCS) opened at 10.61 on Tuesday. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $14.13. The company’s market capitalization is $63.25 billion. The firm’s 50-day moving average price is $9.42 and its 200-day moving average price is $9.00.

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A number of institutional investors have recently made changes to their positions in BCS. Midas Management Corp bought a new position in shares of Barclays PLC during the second quarter worth $849,000. FNY Managed Accounts LLC bought a new position in shares of Barclays PLC during the second quarter worth $950,000. Conning Inc. bought a new position in shares of Barclays PLC during the second quarter worth $994,000. Green Square Capital LLC bought a new position in shares of Barclays PLC during the second quarter worth $102,000. Finally, CIBC World Markets Inc. raised its position in shares of Barclays PLC by 121.6% in the second quarter. CIBC World Markets Inc. now owns 964,478 shares of the financial services provider’s stock worth $7,330,000 after buying an additional 529,206 shares during the last quarter. 2.61% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:BCS

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