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

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

Several equities analysts have issued reports on BCS shares. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, November 24th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BCS. Fisher Asset Management LLC increased its position in shares of Barclays by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after buying an additional 3,722,757 shares during the period. Natixis Advisors LLC boosted its position in Barclays by 5.9% during the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after acquiring an additional 549,497 shares during the last quarter. American Century Companies Inc. grew its holdings in Barclays by 39.2% during the 3rd quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after acquiring an additional 1,362,247 shares during the period. Ameriprise Financial Inc. raised its position in shares of Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after acquiring an additional 4,242,360 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Barclays by 4.5% in the 3rd quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock valued at $79,684,000 after purchasing an additional 167,439 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Barclays stock opened at $26.74 on Tuesday. The stock has a 50-day moving average price of $25.47 and a two-hundred day moving average price of $22.32. Barclays has a 12 month low of $12.14 and a 12 month high of $27.70. The company has a market capitalization of $92.69 billion, a PE ratio of 12.32, a P/E/G ratio of 0.40 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $9.21 billion during the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. Analysts expect that Barclays will post 2 EPS for the current 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.