Barclays PLC (NYSE:BCS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Barclays PLC (NYSE:BCS) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages have commented on BCS. Berenberg Bank initiated coverage on shares of Barclays in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research note on Friday, July 17th. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th.

Barclays Stock Down 0.8%

Shares of BCS opened at $27.49 on Tuesday. Barclays has a 52-week low of $18.79 and a 52-week high of $28.67. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 5.76. The stock has a fifty day simple moving average of $26.45 and a two-hundred day simple moving average of $24.74. The company has a market capitalization of $93.70 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The firm had revenue of $10.95 billion for the quarter, compared to analysts’ expectations of $10.78 billion. As a group, equities analysts forecast that Barclays will post 2.85 EPS for the current year.

Barclays Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.3134 per share. The ex-dividend date is Friday, August 7th. This represents a dividend yield of 233.0%. Barclays’s dividend payout ratio is currently 21.64%.

Institutional Trading of Barclays

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC purchased a new position in Barclays during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Barclays in the 4th quarter valued at approximately $26,000. SHP Wealth Management acquired a new position in shares of Barclays in the 4th quarter worth approximately $28,000. Advocate Investing Services LLC acquired a new position in shares of Barclays in the 4th quarter worth approximately $33,000. Finally, First Pacific Financial boosted its position in shares of Barclays by 3,036.4% during the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,670 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Company Profile

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.