Barclays PLC (NYSE:BCS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Barclays PLC (NYSE:BCS) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

BCS has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Monday, December 1st.

Institutional Trading of Barclays

Several institutional investors and hedge funds have recently modified their holdings of BCS. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Barclays during the 2nd quarter worth approximately $27,000. Mather Group LLC. purchased a new position in Barclays during the third quarter worth $30,000. Salomon & Ludwin LLC raised its holdings in shares of Barclays by 2,673.6% in the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,417 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Barclays in the second quarter valued at $28,000. Finally, True Wealth Design LLC acquired a new stake in shares of Barclays during the third quarter valued at $31,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Barclays stock opened at $25.96 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays has a one year low of $12.14 and a one year high of $26.64. The company has a market cap of $89.98 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98. The business has a fifty day moving average of $23.52 and a two-hundred day moving average of $21.18.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $9.21 billion during the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. As a group, analysts predict that Barclays will post 2 earnings per share for the current fiscal year.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.