Barclays PLC (NYSE:BCS) Receives Average Rating of “Hold” from Brokerages

Barclays PLC (NYSE:BCS) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

BCS has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th.

Institutional Investors Weigh In On Barclays

Several large investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new position in Barclays during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Barclays in the 4th quarter worth about $26,000. SHP Wealth Management purchased a new stake in shares of Barclays during the 4th quarter valued at about $28,000. Advocate Investing Services LLC bought a new position in shares of Barclays in the 4th quarter valued at about $33,000. Finally, First Pacific Financial lifted its holdings in shares of Barclays by 3,036.4% in the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,670 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 5.5%

BCS stock opened at $23.87 on Thursday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. Barclays has a 1-year low of $17.22 and a 1-year high of $27.70. The business has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $23.70. The company has a market capitalization of $81.37 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.42 and a beta of 1.01.

Barclays (NYSE:BCS) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. Research analysts anticipate that Barclays will post 2.75 EPS 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.