Barclays PLC (NYSE:BCS) was upgraded by research analysts at Bank of America Corporation from an “underperform” rating to a “buy” rating in a note issued to investors on Monday.

Several other brokerages also recently commented on BCS. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Barclays PLC in a research report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating on shares of Barclays PLC in a research report on Monday, August 14th. BidaskClub cut Barclays PLC from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. ValuEngine cut Barclays PLC from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Barclays PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Barclays PLC currently has a consensus rating of “Hold” and an average target price of $11.25.

Shares of Barclays PLC (NYSE:BCS) traded up $0.05 on Monday, hitting $9.76. The company had a trading volume of 2,294,500 shares, compared to its average volume of 2,960,313. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 3.78. Barclays PLC has a one year low of $9.29 and a one year high of $12.05. The company has a market capitalization of $41,600.00, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.64 and a beta of 0.92.

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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in shares of Barclays PLC by 34.0% during the third quarter. Sterling Capital Management LLC now owns 26,391 shares of the financial services provider’s stock valued at $273,000 after buying an additional 6,697 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Barclays PLC in the third quarter worth $805,000. Oppenheimer Asset Management Inc. increased its position in shares of Barclays PLC by 10.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 336,823 shares of the financial services provider’s stock worth $3,486,000 after acquiring an additional 32,772 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Barclays PLC in the third quarter worth $533,000. Finally, Morningstar Investment Services LLC increased its position in shares of Barclays PLC by 15.5% in the third quarter. Morningstar Investment Services LLC now owns 59,890 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 8,036 shares in the last quarter. 2.46% of the stock is currently owned by institutional investors and hedge funds.

About Barclays PLC

Analyst Recommendations for Barclays PLC (NYSE:BCS)

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