Barclays PLC (BCS) Cut to Strong Sell at BidaskClub
BidaskClub lowered shares of Barclays PLC (NYSE:BCS) from a sell rating to a strong sell rating in a report released on Wednesday.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Barclays PLC from a hold rating to a sell rating in a report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) cut Barclays PLC from a neutral rating to a sell rating in a report on Friday, May 5th. Morgan Stanley reissued a buy rating on shares of Barclays PLC in a report on Tuesday, July 18th. Natixis cut Barclays PLC from a buy rating to a neutral rating in a report on Thursday, May 4th. Finally, J P Morgan Chase & Co raised Barclays PLC from a neutral rating to an overweight rating in a report on Thursday, June 1st. Nine investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Barclays PLC currently has a consensus rating of Hold and a consensus price target of $10.09.
Shares of Barclays PLC (NYSE:BCS) opened at 10.00 on Wednesday. The stock’s market cap is $42.64 billion. Barclays PLC has a 52 week low of $8.02 and a 52 week high of $12.05. The firm has a 50-day moving average price of $10.60 and a 200 day moving average price of $10.86.
Barclays PLC (NYSE:BCS) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. On average, analysts forecast that Barclays PLC will post $0.86 EPS for the current fiscal year.
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The firm also recently announced a None dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.051 per share. The ex-dividend date is Wednesday, August 9th. This represents a yield of 1.95%. Barclays PLC’s dividend payout ratio (DPR) is -88.23%.
In other Barclays PLC news, major shareholder Plc Barclays bought 50 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was bought at an average price of $100,000.00 per share, with a total value of $5,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.02% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Profund Advisors LLC boosted its stake in Barclays PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 116,894 shares of the financial services provider’s stock valued at $1,314,000 after buying an additional 39,457 shares during the period. M&T Bank Corp boosted its stake in Barclays PLC by 35.0% in the first quarter. M&T Bank Corp now owns 21,270 shares of the financial services provider’s stock valued at $240,000 after buying an additional 5,513 shares during the period. Fisher Asset Management LLC boosted its stake in Barclays PLC by 13.6% in the second quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 2,300,492 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Barclays PLC during the first quarter valued at about $2,269,000. Finally, Bellecapital International Ltd. boosted its stake in Barclays PLC by 10.2% in the second quarter. Bellecapital International Ltd. now owns 22,347 shares of the financial services provider’s stock valued at $237,000 after buying an additional 2,072 shares during the period. 2.45% of the stock is owned by institutional investors.
About Barclays PLC
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