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

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

Several analysts have recently weighed in on the stock. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday. Erste Group Bank reissued a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th.

Hedge Funds Weigh In On Barclays

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Todd Asset Management LLC increased its position in shares of Barclays by 4.0% in the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock worth $72,678,000 after acquiring an additional 134,560 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Barclays by 226.9% in the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock valued at $5,430,000 after purchasing an additional 182,318 shares during the period. American Century Companies Inc. boosted its stake 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 valued at $100,065,000 after acquiring an additional 1,362,247 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Barclays by 6.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock valued at $46,281,000 after acquiring an additional 129,700 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in Barclays by 235.3% during the 3rd quarter. Prospera Financial Services Inc now owns 72,187 shares of the financial services provider’s stock valued at $1,492,000 after acquiring an additional 50,661 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Down 0.1%

Shares of Barclays stock opened at $25.44 on Monday. Barclays has a 1 year low of $17.22 and a 1 year high of $27.70. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $86.71 billion, a P/E ratio of 10.60, a PEG ratio of 0.47 and a beta of 1.01. The company’s fifty day moving average is $23.60 and its two-hundred day moving average is $24.06.

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